Fed Ball’s speech on Thursday (4th) did not suggest that the bond purchase plan would be adjusted in response to rising yields, which disappointed the market and lowered risk assets.BitcoinIn the fall, technology stocks plummeted by nearly 10% and were on the verge of correction. The main ARK fund traded by “women stock god” Wood (Cathie Wood) has lost its gains this year.
Bauer delivered a speech at midday on Thursday in the U.S. stock market, saying that he is monitoring the trend of rising yields, but did not mention any countermeasures that may be taken in the future. This disappoints investors who are worried about rising long-term bond yields. Under heavy selling pressure, the 10-year U.S. Treasury yield rose by 7 basis points to break 1.5%, and risk assets fell.
BitcoinDeepest intraday drop 6.7% to 47900 U.S. dollar, And last month’s over 58,000 U.S. dollarCompared to a fall of about 17%, it tests the world’s largestCryptocurrencyThe charm as an inflation hedging tool.Recently boughtBitcoinThe MicroStrategy company fell 17% in intraday trading on Thursday.
Technology stocks were sold off, and the Nasdaq Composite Index fell 9.73% from its unprecedented high on February 12, and was on the verge of a 10% retracement correction zone. This year, its performance has turned from positive to negative, down 1.3%.
The Nasdaq 100 Index (the Nasdaq Composite Index is made up of the top 100 stocks after excluding financial stocks) is also on the verge of a retracement correction. It has fallen 9.7% from its high on February 12, and Tesla (TSLA-US)、Peloton(PTON-US)、Zoom(ZM-US) It has dropped by at least 20% from the high point.
Although the Nasdaq 100 Index has escaped correction, the recent weak trend reflects that investors are reducing speculative bets. Other similar signs include: Ark Investment CEO Wood’s main fund “ARK Innovation ETF” (ARKK) performance this year Turning to negative; the backdoor listing mania seems to have reached saturation, and the index tracking SPAC transactions has fallen by 20% from its high.
ARKK fell by 5.3% on Thursday and has fallen by 24% since February 12th. The scale of assets under management has shrunk to 22.9 billion.U.S. dollar. The fund’s main holdings are Tesla, Square (SQ-US),Year(YEAR-US) Wait.
Matt Stucky, manager of Northwestern Common Wealth Management Company, said that the transfer of funds out of technology stocks and stocks rotation, the market leader may have a new face.
ARKK inflows totaled 61.1 million last Friday and this MondayU.S. dollarFunds, enough to make up for the 150 million outflow on TuesdayU.S. dollarTodd Rosenbluth, director of CFRA Research, said that ARKK mainly invests in high-growth stocks. It delivered impressive performance last year and continued to grow this year. It is not surprising that the momentum is taking a break now, but how much patience investors can keep in the future It is worth observing.
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