Happy Friday everyone. Welcome to a special edition of Tech Checking. What a week it was

for Tech. We're ending on a down note the now-stack closing lower by a percent day. But the

rest of the week, it was a one big rip hire out performing the down the S&P 500 as it

has been all year. Big Tech, the XLK, smaller and more speculative stock soft, where some

is E-Com. They all ended the week higher. And we're headed right into the next big

catalyst. Next week we will get earnings from Netflix and Tesla. Tech companies will

start to reveal what the second quarter was like for business, what the outlook is for

the rest of the year. We've got software budgets, consumer spending and of course AI. How

much it actually contributed to the bottom line. Perhaps less hype, more dollars, we shall

see. Right now we are digging into Cathy Woods flagship arc innovation ETF also rebounding

this year. AI, Mania, falling inflation, easing recession fears. That is all powering speculative

tech. The ETF hit an 11 month high today. Take a look at that chart. Outperforming even

mega caps like Microsoft, Alphabet and Apple, fueled by top two holdings. Tesla and Coinbase

which have doubled this year or more. Most of ARC's other disruptive tech funds with a similar

or even better performance. There's ARCW that targets next generation internet. There's

also ARCF focusing on Sintek and blockchain. Both of those rallying more than 60% this

year. But, and this is a big one. That marquee ARC fund still hasn't come close to the

highs of the pandemic. It was of course the poster child of the tech boom during that

period. But it has created over the last couple of years. It was one of the worst performing

equity funds of 22 drag down by losses in Roku, Zoom, Shopify. Just a few days ago,

what also sold nearly $12 million worth of Coinbase. Right as shares of the crypto exchange

reached a yearly high. And of course, missed out on that jaw dropping rally in, in video,

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