Cathie Wood's Ark Rebounds: A Dead-Cat Bounce?

Is it just a dead-cat bounce or the sign of something bigger?
$ARK Innovation ETF(ARKK.US)$ is on the rebound. It has bounced back 24% from its May 12 intraday low. The fund remains off 54% year to date and off 73% from its February 2021 high.
In the past few weeks Wood’s disruptive technology stocks have rebounded in sync with other stocks. The tech-heavy Nasdaq Composite has climbed 10% from its May 20 intraday low.
Slowing economic growth also will probably limit Wood’s stocks.
Among Ark Innovation’s four biggest holdings: No. 1 $Zoom Video Communications(ZM.US)$ the videconferencing service, has dropped 40% this year; electric-vehicle titan $Tesla(TSLA.US)$ has lost 32%. video-streaming platform $Roku Inc(ROKU.US)$ has fallen 61%, and financial services firm $Block(SQ.US)$ has slid 48%.