Cathie Wood - ARK Invest Fund

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11 Plunging Stocks Are Badly Burning Cathie Wood's ARK Invest

ARK Invest's marquee ETF, ARK Innovation (ARKK), dropped to 103.98 Monday, its lowest close all year. It's now down more than 16% just in 2021. And much of the pain is due to 11 of its holdings, such as health care plays Editas Medicine (EDIT) and Syros Pharmaceuticals (SYRS) plus tech Materialise (MTLS), which lost more than a third of their value in 2021 so far.

Talk about a reversal of fortunes. ARK Innovation was the hottest thing going last year. Money poured into the ETFs managed by Wood's company. ARK Innovation jumped 148.7% in 2020. But for now the direction is down, and fast.
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https://www.investors.com/etfs-and-...ks-are-badly-burning-cathie-woods/?src=A00220
 
This would have been a fantastic ETF to buy in February but I'm wondering how this will affect meme stocks, etc. when it goes live. More short squeezes, or more plunges as everyone will have access to "shares" to sell short.

Tuttle Capital Management, a small fund company with 10 ETFs and $228 million under management, has filed to launch the Short ARKK ETF under the ticker SARK. The fund would seek to track the inverse performance of the $23 billion ARK Innovation ETF (ticker: ARKK) through swaps contracts, according to a filing with the Securities and Exchange Commission.
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https://www.barrons.com/articles/short-ark-innovation-fund-etf-51628035888
 
Regarding Michael Burry, she tweeted, "I do not believe that he understands the fundamentals that are creating explosive growth and investment opportunities in the innovation space."
 
Breakdown, and support has become resistance. Will window dressing punch it back above $114? ARKK is one to watch when it comes to momentum.

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Cathie Wood disputes Jack Dorsey’s hyperinflation warning, says prices will fall after holidays

The founder and CEO of Ark Invest took to Twitter to expound upon her contrarian theory about deflation after Dorsey tweeted Friday evening that “Hyperinflation is going to change everything. It’s happening.” Wood estimates that her hypothesis will start to play out sometime after the holidays.
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https://www.cnbc.com/2021/10/25/cat...ing-says-prices-will-fall-after-holidays.html
 
Here’s the market move Cathie Wood says is ‘ridiculous’ as her flagship fund sputters

While Wood is still a believer that COVID-19 is accelerating innovation, she isn’t a buyer of the rally in automotive stocks since the new year, on news including Ford doubling the rate of production of the electric version of the F-150. “I look at the performance of stocks like [General Motors] GM and Ford F, they soared on those electric-vehicle announcements,” she said. “That’s ridiculous.”
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https://www.marketwatch.com/story/h...gship-fund-sputters-11641815707?siteid=yhoof2
 
Sitting on or around the 61% fib retracement from 2020 lows. RSI on weekly slightly oversold for the first time since March 2020 (not shown in chart). If $80 doesn't hold, no support until the mid $60's to $70 levels.

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She never gave a date for this forecast and could be right in the long term. I don't think going to 100 after briefly touching zero was on many people's minds two years ago.

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She may go the way of Ralph Acampora. This guy was on every financial channel everyday as the biggest bull on Wall Street in the early 2000's. Since the financial crisis he's basically been invisible.
 
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Ark Invest’s Cathie Wood says inflation will unravel faster than expected

https://www.cnbc.com/2022/08/09/ark...l-faster-than-expected.html?&qsearchterm=wood


FYI, in December she was saying this...

Ark's Cathie Wood Remains Concerned About Deflation, Not Inflation

NEW YORK (Reuters) - Star stock picker Cathie Wood of Ark Invest struck a defiant tone in a webinar Tuesday in which she repeated her warning that deflation, rather than inflation, will be the largest risk for financial markets and the economy in the year ahead.

https://money.usnews.com/investing/...mains-concerned-about-deflation-not-inflation
 
It very well could happen sooner than later once those higher mortgage rates start to stick.
 
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