The ARKK chart does look like it could be entering a new uptrend (higher highs / higher lows) after hitting bottom in Dec. But what strikes me about ARKK is that it fell 80% during 2021 and the 2022 bear market, yikes. So that says something about the type of stocks that Cathie Wood has in her ETFs -- high momentum stocks, which can be great during the momo phase, but then get clobbered when the air comes out. She holds some of the most exciting tech stocks and sectors, but as buy/hold they would require too much Tagamet, so I consider these to be mainly trading vehicles. Some larger holdings like Tesla could be buy / hold, but others just way too volatile.
I had some of the ARK ETFs during the big 2020 recovery period, plus other hot / trendy sectors like cloud computing, cybersecurity, robotics, fintech, transportation innovation, etc. They did great, but the trajectory seemed too steep so I took profits in Q-1 and Q-2 of 2021, which was a little early, but I figured 'take the money and run'. 2020-21 was an exciting period to be in stocks. The market got crushed in Spring 2020, but the Fed's massive response made it fairly easy to get back into the market, and off it went. But in the future things should be a lot tougher since the Fed's tools are depleted -- their balance sheet is still sky high (so QE ability is limited), and unlike 2008 and 2020 there is now inflation to worry about, plus global de-dollarization, which will tie the Fed's hands during the next market crash / financial crisis. So the next crisis could be a 'different animal' compared to 2008 or 2020.
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