Several high growth stocks have come back down to their pre-COVID multiples -
$LSPD $MELI $OKTA $SE $TWLO to name a few...
The e-commerce, payments, software companies got shot first, so will they also bottom out before the indices? Jury still out, time will tell.
$LSPD $MELI $OKTA $SE $TWLO to name a few...
The e-commerce, payments, software companies got shot first, so will they also bottom out before the indices? Jury still out, time will tell.
Noteworthy SPACs peaked about a year ago and the majority of the growth stocks peaked in early November.
At today's low, $ARKK was off 50% from its ATH...
Its pre-COVID peak two years ago was $60 and today it touched $80....just $20 or 33% gain in ~2 years!....
At today's low, $ARKK was off 50% from its ATH...
Its pre-COVID peak two years ago was $60 and today it touched $80....just $20 or 33% gain in ~2 years!....
Over the past two years, ARKK's underlying companies have grown a fair bit, so 33% gain in approximately 2 years is not a stretch....
Impossible to time the low, but can't help but think bulk of the selling in the high growth stocks probably in the rear-view mirror. We'll see...
Impossible to time the low, but can't help but think bulk of the selling in the high growth stocks probably in the rear-view mirror. We'll see...
Remember, growth stocks peaked months ago and they are already down 40-75% from their ATHs....
The indices are still within a few % of their ATHs...and they haven't corrected yet.
If growth stocks decoupled from indices on the way down, they can also bottom before the indices.
The indices are still within a few % of their ATHs...and they haven't corrected yet.
If growth stocks decoupled from indices on the way down, they can also bottom before the indices.
If Fed tightens excessively, the economy might get a growth scare....PMIs and long-term UST yields will probably come down.
Under this scenario, conceivable that the long-term secular compounders might come back into vogue and bottom out before the indices. Something to watch.
Under this scenario, conceivable that the long-term secular compounders might come back into vogue and bottom out before the indices. Something to watch.
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