Some analysts and investors believe the market will start to trend lower. They argue there are headwinds such as inflation. Some also suggest that considering the markets have moved higher, it is overdue for some profit-taking.
Cathie Wood-led Ark Invest on Wednesday further increased her bets on Palantir Technologies Inc (NYSE: PLTR) on a day shares of the Peter Thiel-co-founded data analytics company extended gains.
When markets are rallying, the bulls are in control. When markets are heading lower, it’s the bears who are in charge. The break of a correctly drawn uptrend line shows the leadership may be about to change from the bulls to the bears.
Cathie Wood-led Ark Invest on Tuesday further increased the exposure in Palantir Technologies Inc (NYSE: PLTR), continuing its buying spree in the Peter Thiel-co-founded data analytics company on the dip.
Michael Burry, best known for his bet against the housing market featured in “The Big Short," recently disclosed a short position in Cathie Wood's ARK Innovation ETF (NYSE: ARKK).