Mar. 17 at 4:43 AM
$SOFI $SOFI You're assuming all sectors will fall evenly at the same time, which is absolutely a false assumption. The only reason "the market" is still close to ATHs is because some sectors have been hitting new highs while other sectors are down 20-50%+, and the megacaps have been largely flat. Therefore, it's my assumption/prediction that the market could tumble without taking stocks like to SOFI to new lows. Instead, you'll see recent outperformers get their 20-50% haircuts while stocks that already got slaughtered begin their recoveries- ie, software, financials, etc.
PS, the two worst performing sectors this year are software and financials, so it makes perfect sense that SOFI is where it is. They will also be first to recover.
