To The Moon

$1. High growth tech stocks have taken a beating like never before. Compared to the last correction in Feb-Mar 2021, this correction that started in Nov 2021 is deeper than that. Momentum has suggested these trends have been broken and momentum is now on the other direction. $ARK Innovation ETF(ARKK)$ ARK Innovation ETF, as a representative of high growth tech stocks, is down 16% in the last one month while Energy Select SPDR ETF gained 6% in the same period.2. This is likely due to the interest rate increment that is looming and growth stocks' reliance on future value will be worth much less today. On the other hand traditional sectors such as energy, industrials and materials are coming up as they benefit from rising prices.3.

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