The year between 1st and 2nd COVID waves was a smaller scale 1995-2000 dotcom bubble all over again. Forced work-from-home trend pushed some tech stocks to ridiculous values and created unhealthy, hope-driven optimism in almost anything tech.
After that period there was a flood of headlines using Cathie Wood's name to pump some not-doing-so-well stocks even though the name started being correlated with less than great investment opportunities.
Buying almost every tech dip doesn't make a great investor. But when an index like SP500 suffers due to unfavorable major tech stocks price movements, one cannot expect that thematic ETF like ARKK will do great when the sector isn't doing well.
After that period there was a flood of headlines using Cathie Wood's name to pump some not-doing-so-well stocks even though the name started being correlated with less than great investment opportunities.
Buying almost every tech dip doesn't make a great investor. But when an index like SP500 suffers due to unfavorable major tech stocks price movements, one cannot expect that thematic ETF like ARKK will do great when the sector isn't doing well.