Renaissance IPO ETF: Sell The Rips

May 29, 2022 8:38 PM ETRenaissance IPO ETF (IPO)IPO

Summary

  • The IPO factor was a hot play during the pandemic as investors were flush with cash and had time to play hot stocks.
  • Speculative fervor quickly escaped markets beginning 15 months ago.
  • The IPO ETF has performed dreadfully over the last year. Is there hope for the bulls?
IPO Initial Public Offering 3d concept

Olemedia/E+ via Getty Images

Peak speculation across investment markets took place in February 2021. Many technical analysts, like myself, assert that a broad bear market has been in place for the better part of the last 15-16 months. Of course, the S&P 500 peaked more recently on January 4

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