Last year, it seems no portfolio manager got more television time, more press, and more adulation than Cathie Wood. One can speculate as to the reason. I’ll hold my own tongue on this matter. But we can all agree that God knows it wasn’t because of her amazing performance. In a year when everything skyrocketed to nauseating highs, Cathie’s momentum-obsessed investing style was a dud. And here we are, on this very day, in which lifetime highs were again achieved, and down she goes.
If this goddamned market ever can weaken more than two days in a row, I think ARKK is headed for an absolutely epic disaster. Although it probably won’t affect Cathie’s ability to get on the tee-vee every thirty-six minutes to talk about how things are going to turn around Real Soon Now.