Cathie Who?

It's a mystery why anyone would take seriously what Ark Invest CEO/CIO Cathie Wood has been, and still is, forecasting for markets, as she's been wrong for months, while her own ARK Innovation ETF (ARKK) has lost 76.25% of its value from its high of 159.70 in February 2021 to close at 36.99 on Tuesday, as shown on the following monthly chart and graphs. The bears are still firmly in control of this ETF.

We'll see if it hits its IPO price of 20.42, or lower. If it holds below 40.00, we may see that level reached...possibly sooner rather than later.

StockCharts.com

StockCharts.com