So Cathie’s solution to $ARK Innovation ETF (ARKK.US)$'s dec...
So Cathie’s solution to $ARK Innovation ETF(ARKK.US$'s decline from 120 to 108 is stay long ARKK’s overvalued formerly momentum stocks and start fading value?
Very curious what they will define as value. Bank stocks? $Coca-Cola(KO.US$ and $PepsiCo(PEP.US$? $Unity Software(U.US$? $Exxon Mobil(XOM.US$?
Cathie Wood comes off as being very close to desperate.
I imagine that their market feedback is showing that her policy of selling winner portfolio stocks and buying even more overvalued high risk/no or weak earnings stocks is wearing thin.
The trail of failure is pretty pronounced
Just to name a few.
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Aaron_Kelly : She was a big buyer of z one day before she was a big seller of z. Apparently Jesus said Buy & God the father said Sell.