More than 48 million shares of ARKK had changed hands, far surpassing its 30-day average volume of about 25 million.Wood's disruptive darlings have been hit particularly hard this year as rising rates made growth names unappealing. These stocks could see a big rebound if easing price pressures lead the Federal Reserve to dial back its aggressive tightening efforts.
The innovation investor has been calling deflation for some time, betting the high prices were caused by the temporary Covid-related supply issue. Wood said recently that her conviction in deflation has increased, and Thursday's consumer price index report could signal that the trend has started to go in her direction.
She told investors in a webinar Tuesday that inflation will be influenced by companies slashing prices due to inventory excess heading into the holiday season.doubled down on a slew of her favorite stocks this weekWood snapped up shares of six companies Wednesday, including her largest holdings of Zoom and Tesla. The investor also has been adding to her Coinbase stake for two straight days despite the potential collapse of popular crypto exchange FTX.
YunLi626 please stop typing
Kathy Wood = GILF... I said what I said...
It’s honestly crazy that she doesn’t have independent semiconductor stalwart MicroVision in her innovation ETF! Truthfully, she needs to do due diligence.
Still down 90%
down 80% up 14 what a win