ARKK: The Real Rate Rebound Is Bad News For Cash-Flow Negative Stocks

blackdovfx The technology sector has had a great twelve months, rising by ~40%, outperforming the S&P 500 by over 15%. For the most part, technology stocks have found reprieve as the inflation outlook has cooled, causing many to adjust valuations for tech stocks in hopes that interest rates will decline. Further, I argue that the sector has benefited from a resurgence in speculative buying activity stemming from a decline in individual investor cash allocations. The rally was driven by investor exuberan ...