What the Market Gods Giveth... Right out of the gate, it’s been “risk-on” for investors with the most prominent gains coming from the hard-hit tech sector. As of Monday's close, S&P 500 component Apple is up 10% YTD. Amazon up 20% YTD. Even the ARK Innovation ETF (ARKK), the bellwether for speculative tech, is up 23% (context is helpful: that’s after a combined drop of 75% in the two years 2021 and 2022).
Another noticeable trend: Treasuries. Have they at last found their footing after a brutal correction last year? January has been a good sign. We’ll see if that holds.
Another noticeable trend: Treasuries. Have they at last found their footing after a brutal correction last year? January has been a good sign. We’ll see if that holds.
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