🔎 Investors Reprice Speculative Growth

Across our thematic universe, the same ETFs are topping the tables.

Namely, the speculative growth funds like ARKK are trading at new highs and continue working in this market. Investors are expectedly repricing long duration growth assets in the lead up to rate cuts, which increases the present value of their discounted cash flows.

And we can see that dynamic being reflected in the chart; ARKK has broken out and continues making new highs.

With small-caps also beginning to outperform, there are a lot of tailwinds for small and speculative growth right now.