High Beta still weak
Hedge stays on!
Hey!
Two days of very weak performance of high beta.
The SNOW earnings basically kicked down all ARKK names.
I hoped for strength, but that is out of the window. The hedge stays on!
My take is they fall until they have great valuations, that could take another 2-3 years, but if something like SNOW trades at 15 times earnings I will get excited. Most of thos…
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