Why Cathie Wood’s once hot Ark Innovation ETF has lost all its 2021 gains

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We are only nine weeks into 2021

UnfairFreedom

What even is this. Yesterday SPY was trading right around its Dec 31 level. But nooooo… Let’s bash ARK for no apparent reason.

caiuscorvus

ARK mostly invests in innovative (read cash burning) companies. Higher interest rates = less capital for these companies = higher risk of failure = lower stock prices.

DeIzorenToer

QQQ has also lost all it’s gains for 2021. What do you think about that ?

ask_can

That sucks I read about a lot of people on here buying a lot of ARKK for their retirement accounts at the peak

ElGeeQue