Yesterday I covered the crash in fintech stocks.

Not that many people care and as far as the stock market goes, should probably not care. The old financials – the $XLF – are having a party.

The cloud stocks – I use the $CLOU ETF – have also been in crash mode and now in a bear market themselves.

The IPO sector – I use the $IPO ETF – have also been in. crash mode and also in a bear market.

The biotech sector – I use the $XBI – have also been in a nasty bear market for the last year. The drug companies though are in party mode.

The S&P and Nasdaq 100 have shaken these sectors crashes and bear markets off for now. Big tech, drug companies, energy and large financials have offset the tiny bear markets and crashes.

I have created 1 year and 3 year charts of the indexes and the ETF’s mentioned above for you:

THREE year:

The Fintech crash looks contained and as I wrote in April of last year, this weird cocktail of technology and money has created this era of tiny bubbles, tiny bear markets and tiny crashes.