Submitted by vwxyzabcdef t3_125x6br in wallstreetbets
blue_eyes_pro_dragon t1_je6mzo3 wrote
Who benefits from hike rates? Companies with big amounts of cash, like Apple and Microsoft. Who loses? Startups that want to borrow cash.
Fit_Opinion2465 t1_je8g3yq wrote
So why has ARKK also been rallying all year
ResidentAssumption4 t1_je8haco wrote
Because I sold it.
blue_eyes_pro_dragon t1_je8nggx wrote
Arkk is down 44% from 1 yr ago. Over the past 6 mo it’s flat. It is up 24% over past 3 mo.
Their top holdings are Tesla, zoom, Roku, Coinbase.
Tesla is a meme stock with huge cult following.
Zoom/Roku/Coinbase probably aren’t looking to borrow raise much money.
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