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The Street
The Street
By Bret Kenwell The ARK Innovation ETF has traded better in 2023 but has been under pressure recently. The charts hold a clue as to what’s next. Growth investors and market bulls tend to love Cathie Wood for her long-term investments. Most notably, she crushed bitcoin, Tesla (TSLA) – Get Free Report and other trends that unfolded over the past few years. As a result, her flagship fund, the ARK Innovation ETF (ARKK) – Get Free Report, enjoyed an enormous rally. The shares climbed almost fivefold from the March 2020 low to the post-covid highs in early 2021. The bear market caught up with ARKK, …