While the Biotech ETF (NYSEARCA:XBI) and Ark Innovation Fund (NYSEARCA:ARKK), two popular proxies of the growth trade, bottomed in early May, Block has continued to decline and remains a stock to sell. 7 REITs to Buy for a Bear Market Nike entered the report already down 60% from last year’s peak, so investors were hoping that much of the issues impacting the retail giant (inflation, supply chain, Chinese lockdowns, etc.) Meanwhile, prices were trending below all major moving averages on the weekly and daily time frames, making the technical picture equally dismal.