It's Like Betting on a Coin Toss... With a Double-Headed Quarter! Karim Rahemtulla, Head Fundamental Tactician, Monument Traders Alliance This week was rough on Wall Street - even rougher than it looks on the surface. The Nasdaq Composite is down more than 11%. That's a correction. Look a little deeper, and you'll see that the majority of stocks in the Nasdaq are down more than 20%, with a huge swath down more than 40%. Folks, that is not just a correction. That is a crash. You can bet the crash is putting a hurt on mutual funds that bought the highfliers of 2021. Take the Ark Innovation ETF (NYSE: ARKK), for example. It is down more than 50% from its 52-week high. Imagine that, an ETF down more than 50% in one year. |
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