Long-shots, not long duration

Wall Street's main indexes have dropped to start the year

Wall Street's main indexes have dropped to start the year. Previously popular technology stocks dropped as expectations of rate hikes pushed U.S. Treasury yields to fresh two-year highs. Investors in the Nasdaq Composite Index, and technology-focused ETFs such as Cathie Wood’s ARK Innovation ETF (“ARK”), have been particularly penalised. As of January 1…