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-0.000402414486921592 -0.00120724346076463 -0.000804828973843041 -0.0044265593561368 -0.0152877263581489 -0.0438631790744467 -0.0118712273641852 -0.0076418511066399
Stock impact report

With NASDAQ Now Red For The Year, All Eyes Are On ARKK [zero hedge]

Palantir Technologies Inc. Class A (PLTR) 
Company Research Source: zero hedge
With NASDAQ Now Red For The Year, All Eyes Are On ARKK As the NASDAQ took another drubbing on Wednesday, leading many to think that the turmoil of late isn't just going to go away on its own, all eyes were on the market's latest "visionary" investor, Cathie Wood at ARK Invest. Wood has been in the news over the last 12 to 18 months due to the meteoric rise in ARK's flagship ETFs, including the ARKK Innovation Fund. But of late, even more eyes have been on Wood because questions loom about how Wood's fund would handle the tech bubble, that has been building in size and speed since March 2020's Covid lows, if it burst. And if this week has been any indication, we may find out soon enough. Heading into Wednesday night, the NASDAQ had turned red on the year. And as we noted on Wednesday, ARKK made its way into a bear market. From its highs on Feb 16th, ARKK has plunged 22%... Breaking below its 50DMA and testing its 100DMA... Meanwhile, there has been nary a word of panic from Wood, who s Show less Read more
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