Recent developments haven’t shaken Cathie Wood’s belief that her strategy of targeting super-growth tech stocks will come back into vogue.
The wheels have really come off the wagon of the stock market and Cathie Wood’s ARK Invest has, arguably, seen the most dramatic fall from its parabolic rise, amid the current downdraft in markets.
Read: Opinion: When is it safe to start buying stocks again? We’re not there yet, but these are the six signs to look for “Genomic sequencing, adaptive robotics, energy storage, AI, and blockchain technology are realities, their stocks seemingly in deep value territory,” she tweeted,Still, ARK’s stock-market bets on disruptive innovation have tanked this year, even as the founder maintains that fundamentals, for the most part, have “not deteriorated.”
Despite Wood’s conviction, investors seem to he heading for the hills, leaving the market in a state of disarray, with fears that the carnage being wrought in the Nasdaq, S&P 500 and Dow Jones Industrial Average DJIA, -1.02% may still be too early to safely sift through for buying opportunities.
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