ARK Innovation ETFShort
Cathie Wood Deflation ARKK: Short
Cathie has been in over drive selling we book with her deflation theory and innovation stocks as the principal reason her fund will outperform.
The in period her fund is down almost 50%, Warren Buffet’s Berkshire Hathaway is up almost 35%.
In order for Cathie’s ARK fund to beat Berkshire should would need a 85% turnaround. Usually takes years to achieve this performance
Looks like deep contraction will confine for ARK.
It is in a 5 wave impulse down and getting pressed down further by the moving averages. Recently had a death cross on the 50/200 MA.
Cathie’s response, in a recent interview, to the poor performance was a result of the Algo traders.
Sounds like the classic example governments use to explain when the ccy is taking a hit. Ie the speculators.
The in period her fund is down almost 50%, Warren Buffet’s Berkshire Hathaway is up almost 35%.
In order for Cathie’s ARK fund to beat Berkshire should would need a 85% turnaround. Usually takes years to achieve this performance
Looks like deep contraction will confine for ARK.
It is in a 5 wave impulse down and getting pressed down further by the moving averages. Recently had a death cross on the 50/200 MA.
Cathie’s response, in a recent interview, to the poor performance was a result of the Algo traders.
Sounds like the classic example governments use to explain when the ccy is taking a hit. Ie the speculators.
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