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


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


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


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


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