Some weeks ago I pointed the weekly chart of arkf (Cathie Woods Fintech etf) which has spent best part of 2 years forming base's & starting to advance as a good sign of investor risk appitite for Fintech asset's like SPT.
However in the last 2 weeks we have had some ominous signs from the 1 Qtr US earnings calls, especially from Wallmart, which is like a bellweather for US consumer sentiment.
IMHO the best time to float an IPO is during a roaring bull market. I hope I am wrong but the 2 year advance from the Oct 23 low seems to be coming up against some strong headwinds, so has SPT missed out in terms of timing for a possible IPO on the NDX ?
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