ARK Invest's Cathie Wood: Markets Climbing the "Wall of Worry", Bull Run Isn't Over

Deep News07-28

Cathie Wood, the founder of ARK Investment Management, posted a statement saying that while the successful splashdown and recovery of the Starship was a disruptive positive development for SpaceX, the stock has continued to fall below its issue price today.

She stated that the stock market is currently climbing a "wall of worry." However, she believes the bull market will not end here. "A bull market only ends when everyone believes it has no limits," Wood wrote.

This commentary follows the recent trajectory of certain high-profile growth stocks and reflects a broader sentiment of cautious optimism among some market participants, who see persistent negative news as a challenge the market can overcome.

Despite the immediate negative price reaction for SpaceX shares on the news, Wood's view suggests the underlying strength of the broader market rally remains intact, as it continues to advance against a backdrop of uncertainty and concern.

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