The great reckoning has started

$ARK Innovation ETF(ARKK.US)$ $Tesla(TSLA.US)$ $Zoom Video Communications(ZM.US)$ Growth stocks that were sure to only go up because they are the future are beaten down relentlessly. Excluding FAANG, Nasdaq would be flat for the year. Zoom down 55%, EV names all down, Ark down, Tesla down, and I could go on.

The sentiment has shifted, the cycle has changed.

Just a reminder to all of us, valuation matter.