“ ‘I love this setup…The worst thing that could have happened to us is to have the market narrowly focus on just our ilk of stock: the innovation space.’ ”
ARKK and other funds focused on previously highflying growth stocks, including big bets on electric car maker Tesla Inc. TSLA, +1.33%, are sitting on huge gains since the pandemic-inspired bear market lows of last March. The performance has turned Wood into one of Wall Street’s star stock pickers. A rise in U.S. Treasury yields in February and March contributed to a rotation away from technology and other growth stocks that are more interest-rate sensitive, while more cyclically sensitive stocks and value names found support as traders bet on a robust economic reopening. Wood said a broadening out of the bull market away from the narrow leadership of tech-related names was a positive development for the bull market overall.
Wood said that from the firm’s perspective, which is based on a five-year time horizon, “nothing has changed except the price. Wood said ARK in February had expected its strategies to produce a 15% compound annual return, but now expects a return of 25% to 30% as a result of the recent fall in prices.
WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders!
Investors! There is only ONE the most important thing you need to know about StockMarket - WE ARE IN THE BIGGEST STOCKMARKET BUBBLE IN HISTORY!!! 205% Ratio of StockMarket CAP to GDP!!! SIGNIFICANTLY OVERVALUED!!! DON'T LOSE YOUR MONEY!!!
Hedge Funds are selling in preparation to StockMarket crash!
Bullish.
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