GFP: ARKK held up yesterday better than I would have expected since the Nasdaq coughed up quite hairball yesterday. Kathie Wood is momentum fund manager who takes big bets on high flying/high PE mostly tech and biotech stocks. ARKK moves up fast when conditions are favorable. But that is not the case at this time. The high level of volatility is characteristic of a market shifting. In this case tis the season for seeing downward pressure. on markets. I take risk. Probably a little too much. But I avoid ARKK like the plague.
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