In traditional bubble fashion, the highest flyers - SPACs, FinTech, Crypto, SaaS, Metaverse, etc. have now given up all their gains from the Covid Bubble.
Traditional bubble fashion includes a full retrace of all parabolic gains.
I studied 5 of the biggest asset bubbles throughout history.
The common theme in all 5 bubbles is the asset retracing ALL of its parabolic move.
Is ARKK$ARK Innovation ETF(ARKK)$ next? It sure looks like it.
The gap between Consumer Sentiment and Equity Exposure is the largest we have seen in the past 30 years.
https://twitter.com/Marlin_Capital/status/1612963916224552961
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