Why I'm Shorting Cathie Wood's Flagship Ark ETF
It's been a few brutal months for growth-oriented technology investors like myself. Many tech stocks have enjoyed astronomical gains over the past year in spite of -- and in some cases, thanks to -- the COVID-19 pandemic, so a pullback isn't entirely unexpected. Still, drawdowns of this magnitude can be difficult to experience both financially and emotionally. There's also been talk of rising interest rates alongside recent concerns about inflation that have contributed to souring investor sentiment.
For many of these reasons, I recently shorted Cathie Wood's flagship ETF, Ark Innovation (NYSEMKT: ARKK). Here's why.
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Source Fool.com
