To add some perspective:
The entire COVID Crash only lasted 23 trading days while this correction is already at 34 trading days
While the S&P 500 is down 10% so far from its ATH, the FANGAM names which are often attributed to be the biggest contributors to the market for the past decade are down 22% from their highs. For most of the early stages of the bear market, people attributed these stocks to be the ones that were fundamentally holding up the broad indices while growth stocks plummeted.
The ARKK ETF, which is the closest benchmark we have to high growth, is down over 50% from its ATH in February of 2021.
Submitted February 22, 2022 at 11:53PM by BenDoverR8Now https://ift.tt/Ve2lZMb
