ARKK - The Bears Are Growling Too Soon In The Cycle - Focus On Value

• The market can still realize gains this year, despite the tightening of monetary policy.
• The consensus on Wall Street is growing more bearish because of historical valuations.
• Valuations for different rate-hike cycles need to be compared based on the interest rates that prevailed at the time.
• There are similarities between today’s rate-hike cycle and the one in 1999-2000, but bears are growling too soon.
• A focus on value should produce attractive returns in the year ahead.

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