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XLK - BOTZ: The Robotics/Artificial Intelligence ETF Is Not A Bargain Buy Even After Recent Crash
SPDR Select Sector Fund - Technology
With the devastating coronavirus outbreak showing no sign of relenting, global stock markets tumbled into bear market territory before a vicious double-digit relief bounce to close the week. For the Global X Robotics & Artificial Intelligence ETF (BOTZ), its bear market actually started in 2018 when BOTZ stumbled back to earth from its 80+% meteoric rise in the preceding year:
Source: WingCapital Investments
Prior to the market turmoil, BOTZ had struggled to retrace towards its all-time high, even as the broader technology sector ETF (XLK) and S&P 500 (SPY)