Shares of the ARK Innovation ETF (NYSE: ARKK) dropped 8% Monday and are now down 68.6% over the past 12 months. ARKK fund manager Cathie Wood said Monday morning that the credit default market seems to confirm that the market outlook has significantly worsened.
Things may be about to get even worse in the bond market. As you can see on the following chart, the iShares 7-10 Year Treasury Bond ETF (NASDAQ: IEF), which tracks the price of U.S. Treasury bonds, appears to be breaking support around the important $101 level.
The ARK Innovation ETF (NYSE: ARKK) has had a brutal year, falling more than 60% over the past 12 months compared to just a negative 2.5% total return for the SPDR S&P 500 ETF Trust (NYSE: SPY) in that same stretch.
Investors passionate about the health of the oceans now have a brand-new ETF to buy to support the environment and invest in some innovative companies.
As long as inflation continues to surge, so should the Invesco DB Commodity Index Tracking Fund ETF (NYSE: DBC). It had gained about 40% this year and appears to be breaking out.
Gas prices are high, energy stocks are all over the map, there’s a push to move to electric vehicles, and of course, a push against it. Where does that leave us?
Noted investor and ETF head Cathie Wood doesn’t shy away from standing behind her picks and sharing her long-term thesis on why the stocks were good bets for the long-term.
Two video game-related stocks were recently defended by Wood, despite large year-to-date declines. Here are the two stocks and why Wood was bullish.
If history is a guide, there’s a chance that the recent selloff in the market may have just gotten started. As you can see on the below chart of the Dow Jones Industrial Average going back to 1897, the current move lower is barely visible.
There have been many bear markets that lasted for many months or even years.