
$Fundrise Innovation Fund LLC(VCX.US) fell four to five points, which is quite noticeable, while the rest of the banking and financial sector only saw a mild pullback — $Goldman Sachs(GS.US), $CCB(00939.HK), and $BANK OF CHINA(03988.HK) all fell slightly, and $American Express(AXP.US) basically didn't move 🙃
When overall market risk appetite contracts, it's normal for pro-cyclical sectors like banking to follow with a slight decline. There's no bad news at the individual stock level; the fund just had greater volatility.
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