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Cathie Wood’s ARK Invest Buys Tesla, Sells Coinbase
Article By:
The Tokenist
Thursday, January 4, 2024 12:07 PM EDT
As Coinbase shares surged nearly 400% in 2023, Cathie Wood's ARK funds sold their holdings, while concurrently increasing their position in Tesla.
A November To Remember! What Might December Hold? A Shiny Metal Makes A New Historical High.
Article By:
Michele Schneider
Sunday, December 3, 2023 10:01 AM EDT
November 2023 surpassed all expectations in the stock and bond markets. Those investors who participated hit the bullseye. Global assets had a huge increase in value and bonds had the best month in 40 years.
This Week’s Data Dump May Lead To More Stock Market Pain
Article By:
Michael J. Kramer
Sunday, October 29, 2023 3:00 PM EDT
This week will feature data that is not only going to move the markets, but also set the tone for fourth-quarter GDP growth. This means the dollar and rates will be more volatile, and the equity market will be trading off dollar and rate changes.
ARKK Suffered $352 Million In Outflows On Wednesday Before Plunging To 52 Week Lows On Thursday
Right now it's a death spiral because $ARKK is such a large holder of most things it's invested in. ARK attracted way too much money for its "disruptive" strategy because many of these companies don't have huge market caps ($TSLA is an exception). All the buying by the ARK ecosystem drove prices higher but that knife cuts both ways. Faced with redemptions, ARK is forced to sell things to generate cash, which hammers the prices of illiquid securities and triggers...more redemptions. Rinse, repeat. The smart move would have been to close the funds to new investors instead of raising so much new money on the back of her TSLA success. Greed is a sin for a reason and ARK's investors are paying the price for not understanding that.