Cathie’s Clown

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The media won’t shut up about The Return of Cathie Wood, on the heels of her disastrous 2022 in ARKK. Before anyone decides to erect a monument to this over-hyped money manager, take a glance at ARKK. shown below in grey, versus the plain old QQQ (in blue) and you’ll see that, well, yeah, her fund is climbing (since it can’t help but do so) but it’s not exactly jaw-dropping.