Cathie Wood Explains Losses: Market Is ‘Irrational’

Published by
The Street

By Dan Weil Cathie Wood’s flagship Ark Innovation ETF has slumped 42% over the past year. She says her stocks will likely rebound soon. Market-darling investor Cathie Wood of Ark Investment Management is reassuring investors who have suffered losses in her funds. The flagship Ark Innovation ETF (ARKK) – Get ARK Innovation ETF Report has slumped 42% over the past year, as its technology stocks got hammered. “Sometimes the market can remain irrational and I’ll say what’s going on right now is irrational,” Wood said in a video posted on Ark’s website. “We’ve been through a very difficult time sin…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *