New month brings with it new hope for a bottom in the severely beaten down growth names. I don't think it will be a V shaped bottom. It still could be very choppy. I don't write off the risk of this just being a bear market rally.
I would say its time to put together that list of companies you really wanted last year that were way too expensive. They are now trading at 70% discounts. Its definitely time to start nibbling away a those names you like. $XBI, $ARKG, $ARKK
I went as far as loading up on biotech for my biotech portfolio. I used some spare cash to dip a toe into #Crypto with them down nearly 50%. I even put $PATH and $PLTR on my shopping list for my IRA if the down trend resumes.
There is a massive bubble in value with many companies trading at 30 P/Es and only having 5% to 10% growth. Even $AAPL has nearly a 30 P/E with only 11% growth. There is so much value in the growth stocks that have been crushed.
That divergence between value and growth will close at come point. I am looking for signs of the change of leadership in the market away from bubbly value and toward cheap growth. The key will be inflation which erodes long term returns.
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