The Global X Fintech ETF dropped 52% in 2022, above the broader financial sector’s 12% drop and Nasdaq Composite Index’s 33%, weighed down by interest rates (Peter Rudegeair/Wall Street Journal)

Peter Rudegeair / Wall Street Journal:
The Global X Fintech ETF dropped 52% in 2022, above the broader financial sector’s 12% drop and Nasdaq Composite Index’s 33%, weighed down by interest rates  —  Higher interest rates and unprofitable business models weigh on the sector  —  Why Tech Layoffs Don’t Reflect the Job Market