Opinion: $ARKK Growth Stocks Have Bottomed for the Year and Could Extend into Early 2022
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Growth stocks are well off their highs amid a deleveraging cycle. The market has seen a rotation out of speculative growth names like PLUG, UPST, ASAN, LCID, AFRM, NET SKLZ and more as the inflation narrative came back into play with a fed deciding to speed up the tapering of their bond purchases and hinting at rate hikes next year. The pain is most likely over here and I am calling a bottom on these lists of names for the year. Here is why:
Opinion: $ARKK Growth Stocks Have Bottomed for the Year and Could Extend into Early 2022
Opinion: $ARKK Growth Stocks Have Bottomed…
Opinion: $ARKK Growth Stocks Have Bottomed for the Year and Could Extend into Early 2022
Growth stocks are well off their highs amid a deleveraging cycle. The market has seen a rotation out of speculative growth names like PLUG, UPST, ASAN, LCID, AFRM, NET SKLZ and more as the inflation narrative came back into play with a fed deciding to speed up the tapering of their bond purchases and hinting at rate hikes next year. The pain is most likely over here and I am calling a bottom on these lists of names for the year. Here is why: