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

Interesting how tech is being basically moved lower according do the article by the anticipation of a better economy and higher interest rates! Article seems to imply, at least IMHO, that many investors are switching from hype to more technically based companies for investment and maybe more realistic market caps. IE maybe picking singular stocks that are technically good and growing revs with little debt and good products rather then riding waves. What do you guys think?

www.yahoo.com/lifestyle/why-cathy-woods-once-hot-ark-innovation-etf-has-lost-all-its-2021-gains-185620392.html

 

 

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