• 65
  • 10
  • Favorite

Cathie Wood: 'We couldn't be further away from a bubble'

Seeking Alpha2021-08-20

  • "We couldn't be further away from a bubble, " says Cathie Wood, in a CNBC appearance, of the recent bearish sentiment, and short interest regarding ARK Invests actively managed ETFs.
  • When asked what the message should be to the short community around ARK, Wood stated: "I don't think we are in a bubble, which is what I think many bears think we are." The areas which blew up back during the tech and telecom bubble are now beginning to flourish.
  • Five of those areas, according to Wood, are DNA sequencing, robotics, energy storage, artificial intelligence, and blockchain technologies and they are barely off the ground Wood mentioned.
  • Wood also continued to expand on her stance around deflationary pressures and how ARK believes the energy and financial sector along with the auto industry are in harm's way as they are all behind the innovation eight ball with the expansion of electric vehicles and digital wallets.
  • Daily price action on ARKs ETFs:
  • ARK Innovation ETF (NYSEARCA: ARKK): -0.32%.
  • ARK Autonomous Technology & Robotics ETF (BATS: ARKQ): -0.25%.
  • ARK Next Generation Internet ETF (NYSEARCA: ARKW): -0.10%.
  • ARK Genomic Revolution Multi-Sector ETF (BATS: ARKG): -0.48%.
  • ARK Fintech Innovation ETF (NYSEARCA: ARKF): -0.16%.
  • ARK Space Exploration & Innovation ETF (BATS: ARKX):-0.25%.
  • Moreover, see how ARK Invest's six actively managed ETFs fared against each other over a one-year period in the chart below.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment10

  • NCM
    ·2021-08-22
    Been hearing this for some time, and still counting…
    Reply
    Report
  • Kenjing
    ·2021-08-20
    Nice
    Reply
    Report
    Fold Replies
    • Kenjing
      Nice
      2021-08-20
      Reply
      Report
  • PengsieX
    ·2021-08-20
    She's living in a bubble
    Reply
    Report
  • janspants
    ·2021-08-20
    ???
    Reply
    Report
  • CHkoh
    ·2021-08-20
    like n comment pls
    Reply
    Report
    Fold Replies
    • janspants
      ??????
      2021-08-20
      Reply
      Report
  • OK 
    Reply
    Report
  • Jenjorjack
    ·2021-08-20
    There is always something to worry about. Bubble due to Low interest rates environment is not a bubble. It is a reaction I suppose. But either way if u pay too much for growth, you will not get your money back most of the time. Please like comment and follow thanks
    Reply
    Report
    Fold Replies
    • CPCat
      it is back to fundamentals. if the company is well run, with good and innovative products, then we have a chance of growth. just by how much.
      2021-08-20
      Reply
      Report
  • milltheongz
    ·2021-08-20
    Lik 
    Reply
    Report
    Fold Replies
  • RainbowMouse
    ·2021-08-20
    Every year is a bubble
    Reply
    Report
  • KTKC
    ·2021-08-20
    oh no...
    Reply
    Report
    Fold Replies
    • Sayaka
      oh no
      2021-08-20
      Reply
      Report
    • KTKC
      like pls
      2021-08-20
      Reply
      Report
    • hwhw123
      no
      2021-08-20
      Reply
      Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24