Cathie Wood's Bloated ARK Forges Forward

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Cathie Wood's Bloated ARK Forges Forward

ZeroHedge2021-04-26

We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now. Whatstartedas a look into how the law of large numbers and ...

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jonbeloved
·2021-04-27
Great insights
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1
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- PhoebellaReplying tojonbeloved:
  ok
  2021-04-29
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- PhoebellaReplying tojonbeloved:
  yup
  2021-04-28
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- jonbeloved:
  Ok
  2021-04-27
  Reply
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Tslverde
·2021-04-27
Ark? Response plse
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- Albaakbert:
  Yes
  2021-04-27
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Atwosome
·2021-04-27
ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.
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YWC
·2021-04-27
Hi...
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- Tslverde:
  Good
  2021-04-27
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james33738
·2021-04-27
Idk bro
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- Tslverde:
  Response
  2021-04-27
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- james33738:
  hmmm
  2021-04-27
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- james33738:
  reply pls
  2021-04-27
  Reply
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BellcurveGod
·2021-04-27
LnC
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2
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VSkemama
·2021-04-27
Market to the moon....huat ah....like and comment to huat
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- Camemberu:
  Cathie is legend!
  2021-04-27
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- BellcurveGod:
  c
  2021-04-27
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RaymondSCF
·2021-04-27
???
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2
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MKD
·2021-04-27
This is a great article
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3
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- MKD:
  Hi
  2021-04-30
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Peanutschez
·2021-04-27
Oh
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dent
·2021-04-26
Cathie wood ftw!!
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- ckh:
  reply to me here
  2021-04-27
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- Yang Sheng:
  please comment Nd like baxk
  2021-04-27
  Reply
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cyong
·2021-04-26
please like and comment thx
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- Cents:
  [得意]
  2021-04-26
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lisaw
·2021-04-26
喔
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Tlger Buddy
·2021-04-26
Pls like and comment
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- cyong:
  please like n comment
  2021-04-26
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小威虎
·2021-04-26
Ok
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2
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charlito
·2021-04-26
Wow amazing article, fully agree. Appreciate the article thanks
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ASCNMN
·2021-04-26
Ok
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Chonky
·2021-04-26
Helpful. Please comment and like.
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- Hodl:
  Great
  2021-04-27
  Reply
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LouisTeoh
·2021-04-26
Like
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3
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- alicialjw:
  Done
  2021-04-26
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Keatz
·2021-04-26
??????
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4
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- wormsccc:
  [财迷]
  2021-04-27
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- KeithHan:
  ? ? ? ?
  2021-04-26
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The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.\nThe second isbecause the launchof her newest actively managed \"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.\nBut something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.\nAnd now people are also pointing out that ARK's funds have been taking sizeable stakes in otherARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.\nAdditionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.\nAnd this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.\nNot unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. 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The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.</p>\n<p>The second isbecause the launchof her newest actively managed&nbsp;\"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.</p>\n<p>But something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.</p>\n<p>And now people are also pointing out that ARK's funds have been taking sizeable stakes in&nbsp;<i>other</i>ARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.</p>\n<p>Additionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.</p>\n<p>And this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.</p>\n<p>Not unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.</p>\n<p>The question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.</p>\n<p>But for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Bloated ARK Forges Forward</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Bloated ARK Forges Forward\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward><strong>ZeroHedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143873248","content_text":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.\nMost recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.\nThe second isbecause the launchof her newest actively managed \"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.\nBut something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.\nAnd now people are also pointing out that ARK's funds have been taking sizeable stakes in otherARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.\nAdditionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.\nAnd this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.\nNot unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.\nThe question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.\nBut for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4165765,"gmtCreate":1619655640135,"gmtModify":1680786097472,"authorId":3559192645447375,"author":{"id":3559192645447375,"idStr":"3559192645447375","authorId":3559192645447375,"name":"Phoebella","avatar":"https://static.tigerbbs.com/c39afad3d430848c955620f39285f7b8","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":3560138341869725,"repliedAuthor":{"id":3560138341869725,"idStr":"3560138341869725","authorId":3560138341869725,"name":"jonbeloved","avatar":"https://static.tigerbbs.com/1312ffb19627a11a2ad03b49693f53dd","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 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Response plse","listText":"Ark? Response plse","text":"Ark? Response plse","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/374473745","repostId":1143873248,"repostType":4,"repost":{"id":"1143873248","pubTimestamp":1619446533,"share":"https://ttm.financial/m/news/1143873248?lang=&edition=fundamental","pubTime":"2021-04-26 22:15","market":"us","language":"en","title":"Cathie Wood's Bloated ARK Forges Forward","url":"https://stock-news.laohu8.com/highlight/detail?id=1143873248","media":"ZeroHedge","summary":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the bett","content":"<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.</p>\n<p>Whatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.</p>\n<p>Most recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.</p>\n<p>The second isbecause the launchof her newest actively managed&nbsp;\"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.</p>\n<p>But something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.</p>\n<p>And now people are also pointing out that ARK's funds have been taking sizeable stakes in&nbsp;<i>other</i>ARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.</p>\n<p>Additionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.</p>\n<p>And this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.</p>\n<p>Not unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.</p>\n<p>The question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.</p>\n<p>But for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Bloated ARK Forges Forward</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Bloated ARK Forges Forward\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward><strong>ZeroHedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143873248","content_text":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.\nMost recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.\nThe second isbecause the launchof her newest actively managed \"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.\nBut something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.\nAnd now people are also pointing out that ARK's funds have been taking sizeable stakes in otherARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.\nAdditionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.\nAnd this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.\nNot unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.\nThe question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.\nBut for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4142971,"gmtCreate":1619480710370,"gmtModify":1680785744001,"authorId":3573197870935019,"author":{"id":3573197870935019,"idStr":"3573197870935019","authorId":3573197870935019,"name":"Albaakbert","avatar":"https://static.tigerbbs.com/38fb1a202f211aaf65a6b491072b884f","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374473745,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"}],"langContent":"EN"},{"id":374424354,"gmtCreate":1619478340378,"gmtModify":1704724414561,"author":{"id":"3571305152732730","authorId":"3571305152732730","name":"Atwosome","avatar":"https://static.tigerbbs.com/2085a92415ef32924f70d916d490adce","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":8,"crmLevelSwitch":1,"idStr":"3571305152732730","authorIdStr":"3571305152732730"},"htmlText":"ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.","listText":"ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.","text":"ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374424354","repostId":1143873248,"repostType":4,"repost":{"id":"1143873248","pubTimestamp":1619446533,"share":"https://ttm.financial/m/news/1143873248?lang=&edition=fundamental","pubTime":"2021-04-26 22:15","market":"us","language":"en","title":"Cathie Wood's Bloated ARK Forges Forward","url":"https://stock-news.laohu8.com/highlight/detail?id=1143873248","media":"ZeroHedge","summary":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the bett","content":"<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.</p>\n<p>Whatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.</p>\n<p>Most recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.</p>\n<p>The second isbecause the launchof her newest actively managed&nbsp;\"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.</p>\n<p>But something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.</p>\n<p>And now people are also pointing out that ARK's funds have been taking sizeable stakes in&nbsp;<i>other</i>ARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.</p>\n<p>Additionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.</p>\n<p>And this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.</p>\n<p>Not unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.</p>\n<p>The question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.</p>\n<p>But for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Bloated ARK Forges Forward</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Bloated ARK Forges Forward\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward><strong>ZeroHedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143873248","content_text":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.\nMost recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.\nThe second isbecause the launchof her newest actively managed \"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.\nBut something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.\nAnd now people are also pointing out that ARK's funds have been taking sizeable stakes in otherARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.\nAdditionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.\nAnd this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.\nNot unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.\nThe question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.\nBut for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":374421831,"gmtCreate":1619478137723,"gmtModify":1704724408239,"author":{"id":"3576206774226035","authorId":"3576206774226035","name":"YWC","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3576206774226035","authorIdStr":"3576206774226035"},"htmlText":"Hi...","listText":"Hi...","text":"Hi...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/374421831","repostId":1143873248,"repostType":4,"repost":{"id":"1143873248","pubTimestamp":1619446533,"share":"https://ttm.financial/m/news/1143873248?lang=&edition=fundamental","pubTime":"2021-04-26 22:15","market":"us","language":"en","title":"Cathie Wood's Bloated ARK Forges Forward","url":"https://stock-news.laohu8.com/highlight/detail?id=1143873248","media":"ZeroHedge","summary":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the bett","content":"<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.</p>\n<p>Whatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.</p>\n<p>Most recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.</p>\n<p>The second isbecause the launchof her newest actively managed&nbsp;\"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.</p>\n<p>But something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.</p>\n<p>And now people are also pointing out that ARK's funds have been taking sizeable stakes in&nbsp;<i>other</i>ARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.</p>\n<p>Additionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.</p>\n<p>And this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.</p>\n<p>Not unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.</p>\n<p>The question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.</p>\n<p>But for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Bloated ARK Forges Forward</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Bloated ARK Forges Forward\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward><strong>ZeroHedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143873248","content_text":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.\nMost recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.\nThe second isbecause the launchof her newest actively managed \"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.\nBut something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.\nAnd now people are also pointing out that ARK's funds have been taking sizeable stakes in otherARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.\nAdditionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.\nAnd this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.\nNot unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.\nThe question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.\nBut for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4142601,"gmtCreate":1619479410589,"gmtModify":1680785732001,"authorId":3556329315079497,"author":{"id":3556329315079497,"idStr":"3556329315079497","authorId":3556329315079497,"name":"Tslverde","avatar":"https://static.tigerbbs.com/5f52f5991ed363792008cd868f78181c","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374421831,"type":1,"supId":0,"prevId":0,"content":"Good","text":"Good","html":"Good"}],"langContent":"EN"},{"id":374420024,"gmtCreate":1619477962768,"gmtModify":1704724403517,"author":{"id":"3575544839686991","authorId":"3575544839686991","name":"james33738","avatar":"https://static.tigerbbs.com/e76f4a02d378ba161c6666637ecbba14","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575544839686991","authorIdStr":"3575544839686991"},"htmlText":"Idk bro","listText":"Idk bro","text":"Idk bro","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/374420024","repostId":1143873248,"repostType":4,"repost":{"id":"1143873248","pubTimestamp":1619446533,"share":"https://ttm.financial/m/news/1143873248?lang=&edition=fundamental","pubTime":"2021-04-26 22:15","market":"us","language":"en","title":"Cathie Wood's Bloated ARK Forges Forward","url":"https://stock-news.laohu8.com/highlight/detail?id=1143873248","media":"ZeroHedge","summary":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the bett","content":"<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.</p>\n<p>Whatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.</p>\n<p>Most recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.</p>\n<p>The second isbecause the launchof her newest actively managed&nbsp;\"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.</p>\n<p>But something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.</p>\n<p>And now people are also pointing out that ARK's funds have been taking sizeable stakes in&nbsp;<i>other</i>ARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.</p>\n<p>Additionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.</p>\n<p>And this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.</p>\n<p>Not unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.</p>\n<p>The question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.</p>\n<p>But for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Bloated ARK Forges Forward</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Bloated ARK Forges Forward\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward><strong>ZeroHedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143873248","content_text":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.\nMost recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.\nThe second isbecause the launchof her newest actively managed \"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.\nBut something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.\nAnd now people are also pointing out that ARK's funds have been taking sizeable stakes in otherARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.\nAdditionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.\nAnd this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.\nNot unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.\nThe question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.\nBut for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4142603,"gmtCreate":1619479421587,"gmtModify":1680785731563,"authorId":3556329315079497,"author":{"id":3556329315079497,"idStr":"3556329315079497","authorId":3556329315079497,"name":"Tslverde","avatar":"https://static.tigerbbs.com/5f52f5991ed363792008cd868f78181c","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374420024,"type":1,"supId":0,"prevId":0,"content":"Response","text":"Response","html":"Response"},{"id":4142327,"gmtCreate":1619478678727,"gmtModify":1680785725747,"authorId":3575544839686991,"author":{"id":3575544839686991,"idStr":"3575544839686991","authorId":3575544839686991,"name":"james33738","avatar":"https://static.tigerbbs.com/e76f4a02d378ba161c6666637ecbba14","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374420024,"type":1,"supId":0,"prevId":0,"content":"<u>hmmm</u>","text":"<u>hmmm</u>","html":"<u>hmmm</u>"},{"id":4142348,"gmtCreate":1619478710245,"gmtModify":1680785724252,"authorId":3575544839686991,"author":{"id":3575544839686991,"idStr":"3575544839686991","authorId":3575544839686991,"name":"james33738","avatar":"https://static.tigerbbs.com/e76f4a02d378ba161c6666637ecbba14","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374420024,"type":1,"supId":4142327,"prevId":0,"content":"reply <u>pls</u>","text":"reply <u>pls</u>","html":"reply <u>pls</u>"}],"langContent":"EN"},{"id":374485067,"gmtCreate":1619477320259,"gmtModify":1704724385592,"author":{"id":"3566941403316155","authorId":"3566941403316155","name":"BellcurveGod","avatar":"https://static.tigerbbs.com/ecbcd3f60b238d816cc0bffd5fd9df5d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3566941403316155","authorIdStr":"3566941403316155"},"htmlText":"LnC","listText":"LnC","text":"LnC","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374485067","repostId":1143873248,"repostType":4,"repost":{"id":"1143873248","pubTimestamp":1619446533,"share":"https://ttm.financial/m/news/1143873248?lang=&edition=fundamental","pubTime":"2021-04-26 22:15","market":"us","language":"en","title":"Cathie Wood's Bloated ARK Forges Forward","url":"https://stock-news.laohu8.com/highlight/detail?id=1143873248","media":"ZeroHedge","summary":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the bett","content":"<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.</p>\n<p>Whatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.</p>\n<p>Most recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.</p>\n<p>The second isbecause the launchof her newest actively managed&nbsp;\"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.</p>\n<p>But something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.</p>\n<p>And now people are also pointing out that ARK's funds have been taking sizeable stakes in&nbsp;<i>other</i>ARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.</p>\n<p>Additionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.</p>\n<p>And this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.</p>\n<p>Not unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.</p>\n<p>The question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.</p>\n<p>But for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Bloated ARK Forges Forward</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Bloated ARK Forges Forward\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward><strong>ZeroHedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143873248","content_text":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.\nMost recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.\nThe second isbecause the launchof her newest actively managed \"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.\nBut something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.\nAnd now people are also pointing out that ARK's funds have been taking sizeable stakes in otherARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.\nAdditionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.\nAnd this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.\nNot unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.\nThe question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.\nBut for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":374431913,"gmtCreate":1619475558932,"gmtModify":1704724352671,"author":{"id":"3581645176053205","authorId":"3581645176053205","name":"VSkemama","avatar":"https://static.tigerbbs.com/152a99fdc4377699d227035746bb7293","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581645176053205","authorIdStr":"3581645176053205"},"htmlText":"Market to the moon....huat ah....like and comment to huat&nbsp;","listText":"Market to the moon....huat ah....like and comment to huat&nbsp;","text":"Market to the moon....huat ah....like and comment to huat","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/374431913","repostId":1143873248,"repostType":4,"repost":{"id":"1143873248","pubTimestamp":1619446533,"share":"https://ttm.financial/m/news/1143873248?lang=&edition=fundamental","pubTime":"2021-04-26 22:15","market":"us","language":"en","title":"Cathie Wood's Bloated ARK Forges Forward","url":"https://stock-news.laohu8.com/highlight/detail?id=1143873248","media":"ZeroHedge","summary":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the bett","content":"<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.</p>\n<p>Whatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.</p>\n<p>Most recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.</p>\n<p>The second isbecause the launchof her newest actively managed&nbsp;\"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.</p>\n<p>But something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.</p>\n<p>And now people are also pointing out that ARK's funds have been taking sizeable stakes in&nbsp;<i>other</i>ARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.</p>\n<p>Additionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.</p>\n<p>And this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.</p>\n<p>Not unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.</p>\n<p>The question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.</p>\n<p>But for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Bloated ARK Forges Forward</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Bloated ARK Forges Forward\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward><strong>ZeroHedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143873248","content_text":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.\nMost recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.\nThe second isbecause the launchof her newest actively managed \"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.\nBut something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.\nAnd now people are also pointing out that ARK's funds have been taking sizeable stakes in otherARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.\nAdditionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.\nAnd this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.\nNot unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.\nThe question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.\nBut for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4142450,"gmtCreate":1619479035087,"gmtModify":1680785738827,"authorId":3574372734093079,"author":{"id":3574372734093079,"idStr":"3574372734093079","authorId":3574372734093079,"name":"Camemberu","avatar":"https://static.tigerbbs.com/f6e006c4d0e8a340de0bf29e8c18ca51","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374431913,"type":1,"supId":4141997,"prevId":0,"content":"Cathie is legend! ","text":"Cathie is legend! ","html":"Cathie is legend! "},{"id":4141997,"gmtCreate":1619477338538,"gmtModify":1680785728392,"authorId":3566941403316155,"author":{"id":3566941403316155,"idStr":"3566941403316155","authorId":3566941403316155,"name":"BellcurveGod","avatar":"https://static.tigerbbs.com/ecbcd3f60b238d816cc0bffd5fd9df5d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374431913,"type":1,"supId":0,"prevId":0,"content":"<u>c</u>","text":"<u>c</u>","html":"<u>c</u>"}],"langContent":"EN"},{"id":374404807,"gmtCreate":1619474191809,"gmtModify":1704724332399,"author":{"id":"3579308487588351","authorId":"3579308487588351","name":"RaymondSCF","avatar":"https://static.tigerbbs.com/d225800cc8cdaedb46d9cee9c44af062","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579308487588351","authorIdStr":"3579308487588351"},"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374404807","repostId":1143873248,"repostType":4,"repost":{"id":"1143873248","pubTimestamp":1619446533,"share":"https://ttm.financial/m/news/1143873248?lang=&edition=fundamental","pubTime":"2021-04-26 22:15","market":"us","language":"en","title":"Cathie Wood's Bloated ARK Forges Forward","url":"https://stock-news.laohu8.com/highlight/detail?id=1143873248","media":"ZeroHedge","summary":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the bett","content":"<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.</p>\n<p>Whatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.</p>\n<p>Most recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.</p>\n<p>The second isbecause the launchof her newest actively managed&nbsp;\"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.</p>\n<p>But something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.</p>\n<p>And now people are also pointing out that ARK's funds have been taking sizeable stakes in&nbsp;<i>other</i>ARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.</p>\n<p>Additionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.</p>\n<p>And this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.</p>\n<p>Not unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.</p>\n<p>The question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.</p>\n<p>But for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Bloated ARK Forges Forward</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Bloated ARK Forges Forward\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward><strong>ZeroHedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143873248","content_text":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.\nMost recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.\nThe second isbecause the launchof her newest actively managed \"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.\nBut something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.\nAnd now people are also pointing out that ARK's funds have been taking sizeable stakes in otherARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.\nAdditionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.\nAnd this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.\nNot unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.\nThe question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.\nBut for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":374547287,"gmtCreate":1619471455749,"gmtModify":1704724307626,"author":{"id":"3575848243295753","authorId":"3575848243295753","name":"MKD","avatar":"https://static.tigerbbs.com/fa2f37201562372d4e1f72bee80180e0","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3575848243295753","authorIdStr":"3575848243295753"},"htmlText":"This is a great article&nbsp;","listText":"This is a great article&nbsp;","text":"This is a great article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/374547287","repostId":1143873248,"repostType":4,"repost":{"id":"1143873248","pubTimestamp":1619446533,"share":"https://ttm.financial/m/news/1143873248?lang=&edition=fundamental","pubTime":"2021-04-26 22:15","market":"us","language":"en","title":"Cathie Wood's Bloated ARK Forges Forward","url":"https://stock-news.laohu8.com/highlight/detail?id=1143873248","media":"ZeroHedge","summary":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the bett","content":"<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.</p>\n<p>Whatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.</p>\n<p>Most recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.</p>\n<p>The second isbecause the launchof her newest actively managed&nbsp;\"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.</p>\n<p>But something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.</p>\n<p>And now people are also pointing out that ARK's funds have been taking sizeable stakes in&nbsp;<i>other</i>ARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.</p>\n<p>Additionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.</p>\n<p>And this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.</p>\n<p>Not unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.</p>\n<p>The question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.</p>\n<p>But for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Bloated ARK Forges Forward</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Bloated ARK Forges Forward\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward><strong>ZeroHedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143873248","content_text":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.\nMost recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.\nThe second isbecause the launchof her newest actively managed \"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.\nBut something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.\nAnd now people are also pointing out that ARK's funds have been taking sizeable stakes in otherARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.\nAdditionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.\nAnd this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.\nNot unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.\nThe question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.\nBut for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4181730,"gmtCreate":1619777459577,"gmtModify":1680786343178,"authorId":3575848243295753,"author":{"id":3575848243295753,"idStr":"3575848243295753","authorId":3575848243295753,"name":"MKD","avatar":"https://static.tigerbbs.com/fa2f37201562372d4e1f72bee80180e0","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374547287,"type":1,"supId":0,"prevId":0,"content":"<u>Hi</u>","text":"<u>Hi</u>","html":"<u>Hi</u>"}],"langContent":"EN"},{"id":374545345,"gmtCreate":1619470619887,"gmtModify":1704724303907,"author":{"id":"3566370712497974","authorId":"3566370712497974","name":"Peanutschez","avatar":"https://static.tigerbbs.com/2d70c19af05c37b08df1881c97681749","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3566370712497974","authorIdStr":"3566370712497974"},"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374545345","repostId":1143873248,"repostType":4,"repost":{"id":"1143873248","pubTimestamp":1619446533,"share":"https://ttm.financial/m/news/1143873248?lang=&edition=fundamental","pubTime":"2021-04-26 22:15","market":"us","language":"en","title":"Cathie Wood's Bloated ARK Forges Forward","url":"https://stock-news.laohu8.com/highlight/detail?id=1143873248","media":"ZeroHedge","summary":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the bett","content":"<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.</p>\n<p>Whatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.</p>\n<p>Most recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.</p>\n<p>The second isbecause the launchof her newest actively managed&nbsp;\"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.</p>\n<p>But something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.</p>\n<p>And now people are also pointing out that ARK's funds have been taking sizeable stakes in&nbsp;<i>other</i>ARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.</p>\n<p>Additionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.</p>\n<p>And this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.</p>\n<p>Not unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.</p>\n<p>The question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.</p>\n<p>But for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Bloated ARK Forges Forward</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Bloated ARK Forges Forward\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward><strong>ZeroHedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143873248","content_text":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.\nMost recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.\nThe second isbecause the launchof her newest actively managed \"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.\nBut something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.\nAnd now people are also pointing out that ARK's funds have been taking sizeable stakes in otherARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.\nAdditionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.\nAnd this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.\nNot unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.\nThe question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.\nBut for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":374260533,"gmtCreate":1619448923522,"gmtModify":1704724113643,"author":{"id":"3574392084255465","authorId":"3574392084255465","name":"dent","avatar":"https://static.tigerbbs.com/e54b2a08f8905d05e3d00b78582bf531","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3574392084255465","authorIdStr":"3574392084255465"},"htmlText":"Cathie wood ftw!!","listText":"Cathie wood ftw!!","text":"Cathie wood ftw!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/374260533","repostId":1143873248,"repostType":4,"repost":{"id":"1143873248","pubTimestamp":1619446533,"share":"https://ttm.financial/m/news/1143873248?lang=&edition=fundamental","pubTime":"2021-04-26 22:15","market":"us","language":"en","title":"Cathie Wood's Bloated ARK Forges Forward","url":"https://stock-news.laohu8.com/highlight/detail?id=1143873248","media":"ZeroHedge","summary":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the bett","content":"<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.</p>\n<p>Whatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.</p>\n<p>Most recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.</p>\n<p>The second isbecause the launchof her newest actively managed&nbsp;\"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.</p>\n<p>But something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.</p>\n<p>And now people are also pointing out that ARK's funds have been taking sizeable stakes in&nbsp;<i>other</i>ARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.</p>\n<p>Additionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.</p>\n<p>And this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.</p>\n<p>Not unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.</p>\n<p>The question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.</p>\n<p>But for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Bloated ARK Forges Forward</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Bloated ARK Forges Forward\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward><strong>ZeroHedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143873248","content_text":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.\nMost recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.\nThe second isbecause the launchof her newest actively managed \"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.\nBut something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.\nAnd now people are also pointing out that ARK's funds have been taking sizeable stakes in otherARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.\nAdditionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.\nAnd this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.\nNot unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.\nThe question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.\nBut for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4141382,"gmtCreate":1619473375201,"gmtModify":1680785716245,"authorId":3568200501659310,"author":{"id":3568200501659310,"idStr":"3568200501659310","authorId":3568200501659310,"name":"ckh","avatar":"https://static.tigerbbs.com/046085c4c23df63d33eb436617a32ed6","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374260533,"type":1,"supId":4141324,"prevId":0,"content":"reply to me <u>here</u>","text":"reply to me <u>here</u>","html":"reply to me <u>here</u>"},{"id":4141324,"gmtCreate":1619472684953,"gmtModify":1680785712011,"authorId":3581743400084799,"author":{"id":3581743400084799,"idStr":"3581743400084799","authorId":3581743400084799,"name":"Yang Sheng","avatar":"https://community-static.tradeup.com/news/1eed89848602be042a67bc4ec16b6029","vip":1,"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374260533,"type":1,"supId":0,"prevId":0,"content":"please comment Nd like baxk","text":"please comment Nd like baxk","html":"please comment Nd like baxk"}],"langContent":"EN"},{"id":374288729,"gmtCreate":1619448604061,"gmtModify":1704724106656,"author":{"id":"3568946367701965","authorId":"3568946367701965","name":"cyong","avatar":"https://static.tigerbbs.com/8575f448e784d75d9b7341464aa54fd8","vip":1,"crmLevel":1,"crmLevelSwitch":1,"idStr":"3568946367701965","authorIdStr":"3568946367701965"},"htmlText":"please like and comment thx&nbsp;","listText":"please like and comment thx&nbsp;","text":"please like and comment thx","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/374288729","repostId":1143873248,"repostType":4,"repost":{"id":"1143873248","pubTimestamp":1619446533,"share":"https://ttm.financial/m/news/1143873248?lang=&edition=fundamental","pubTime":"2021-04-26 22:15","market":"us","language":"en","title":"Cathie Wood's Bloated ARK Forges Forward","url":"https://stock-news.laohu8.com/highlight/detail?id=1143873248","media":"ZeroHedge","summary":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the bett","content":"<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.</p>\n<p>Whatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.</p>\n<p>Most recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.</p>\n<p>The second isbecause the launchof her newest actively managed&nbsp;\"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.</p>\n<p>But something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.</p>\n<p>And now people are also pointing out that ARK's funds have been taking sizeable stakes in&nbsp;<i>other</i>ARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.</p>\n<p>Additionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.</p>\n<p>And this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.</p>\n<p>Not unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.</p>\n<p>The question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.</p>\n<p>But for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Bloated ARK Forges Forward</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Bloated ARK Forges Forward\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward><strong>ZeroHedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143873248","content_text":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.\nMost recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.\nThe second isbecause the launchof her newest actively managed \"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.\nBut something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.\nAnd now people are also pointing out that ARK's funds have been taking sizeable stakes in otherARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.\nAdditionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.\nAnd this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.\nNot unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.\nThe question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.\nBut for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4140071,"gmtCreate":1619449959799,"gmtModify":1680785691794,"authorId":3582186328332132,"author":{"id":3582186328332132,"idStr":"3582186328332132","authorId":3582186328332132,"name":"Cents","avatar":"https://static.tigerbbs.com/9aeb5ea643c232ad183cafe1da096cf9","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374288729,"type":1,"supId":0,"prevId":0,"content":"[得意]","text":"[得意]","html":"[得意]"}],"langContent":"EN"},{"id":374214275,"gmtCreate":1619448195997,"gmtModify":1704724098879,"author":{"id":"3579430616807702","authorId":"3579430616807702","name":"lisaw","avatar":"https://static.tigerbbs.com/2ec8a44f817efb5d28e93d64393a697b","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579430616807702","authorIdStr":"3579430616807702"},"htmlText":"喔","listText":"喔","text":"喔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374214275","repostId":1143873248,"repostType":4,"repost":{"id":"1143873248","pubTimestamp":1619446533,"share":"https://ttm.financial/m/news/1143873248?lang=&edition=fundamental","pubTime":"2021-04-26 22:15","market":"us","language":"en","title":"Cathie Wood's Bloated ARK Forges Forward","url":"https://stock-news.laohu8.com/highlight/detail?id=1143873248","media":"ZeroHedge","summary":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the bett","content":"<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.</p>\n<p>Whatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.</p>\n<p>Most recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.</p>\n<p>The second isbecause the launchof her newest actively managed&nbsp;\"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.</p>\n<p>But something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.</p>\n<p>And now people are also pointing out that ARK's funds have been taking sizeable stakes in&nbsp;<i>other</i>ARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.</p>\n<p>Additionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.</p>\n<p>And this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.</p>\n<p>Not unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.</p>\n<p>The question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.</p>\n<p>But for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Bloated ARK Forges Forward</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Bloated ARK Forges Forward\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward><strong>ZeroHedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143873248","content_text":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.\nMost recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.\nThe second isbecause the launchof her newest actively managed \"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.\nBut something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.\nAnd now people are also pointing out that ARK's funds have been taking sizeable stakes in otherARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.\nAdditionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.\nAnd this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.\nNot unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.\nThe question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.\nBut for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":374211977,"gmtCreate":1619447969499,"gmtModify":1704724091417,"author":{"id":"3566558181992521","authorId":"3566558181992521","name":"Tlger Buddy","avatar":"https://static.tigerbbs.com/1a7042135fd39c322422c2527f88db09","vip":1,"crmLevel":9,"crmLevelSwitch":0,"idStr":"3566558181992521","authorIdStr":"3566558181992521"},"htmlText":"Pls like and comment","listText":"Pls like and comment","text":"Pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/374211977","repostId":1143873248,"repostType":4,"repost":{"id":"1143873248","pubTimestamp":1619446533,"share":"https://ttm.financial/m/news/1143873248?lang=&edition=fundamental","pubTime":"2021-04-26 22:15","market":"us","language":"en","title":"Cathie Wood's Bloated ARK Forges Forward","url":"https://stock-news.laohu8.com/highlight/detail?id=1143873248","media":"ZeroHedge","summary":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the bett","content":"<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.</p>\n<p>Whatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.</p>\n<p>Most recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.</p>\n<p>The second isbecause the launchof her newest actively managed&nbsp;\"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.</p>\n<p>But something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.</p>\n<p>And now people are also pointing out that ARK's funds have been taking sizeable stakes in&nbsp;<i>other</i>ARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.</p>\n<p>Additionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.</p>\n<p>And this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.</p>\n<p>Not unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.</p>\n<p>The question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.</p>\n<p>But for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Bloated ARK Forges Forward</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Bloated ARK Forges Forward\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward><strong>ZeroHedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143873248","content_text":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.\nMost recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.\nThe second isbecause the launchof her newest actively managed \"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.\nBut something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.\nAnd now people are also pointing out that ARK's funds have been taking sizeable stakes in otherARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.\nAdditionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.\nAnd this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.\nNot unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.\nThe question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.\nBut for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4139893,"gmtCreate":1619448507155,"gmtModify":1680785697826,"authorId":3568946367701965,"author":{"id":3568946367701965,"idStr":"3568946367701965","authorId":3568946367701965,"name":"cyong","avatar":"https://static.tigerbbs.com/8575f448e784d75d9b7341464aa54fd8","vip":1,"crmLevel":1,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374211977,"type":1,"supId":0,"prevId":0,"content":"please like n <u>comment</u>","text":"please like n <u>comment</u>","html":"please like n <u>comment</u>"}],"langContent":"EN"},{"id":374210513,"gmtCreate":1619447868132,"gmtModify":1704724087373,"author":{"id":"3575771157917057","authorId":"3575771157917057","name":"小威虎","avatar":"https://static.tigerbbs.com/de7f8f615003265ffe884920fb693298","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575771157917057","authorIdStr":"3575771157917057"},"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374210513","repostId":1143873248,"repostType":4,"repost":{"id":"1143873248","pubTimestamp":1619446533,"share":"https://ttm.financial/m/news/1143873248?lang=&edition=fundamental","pubTime":"2021-04-26 22:15","market":"us","language":"en","title":"Cathie Wood's Bloated ARK Forges Forward","url":"https://stock-news.laohu8.com/highlight/detail?id=1143873248","media":"ZeroHedge","summary":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the bett","content":"<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.</p>\n<p>Whatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.</p>\n<p>Most recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.</p>\n<p>The second isbecause the launchof her newest actively managed&nbsp;\"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.</p>\n<p>But something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.</p>\n<p>And now people are also pointing out that ARK's funds have been taking sizeable stakes in&nbsp;<i>other</i>ARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.</p>\n<p>Additionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.</p>\n<p>And this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.</p>\n<p>Not unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.</p>\n<p>The question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.</p>\n<p>But for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Bloated ARK Forges Forward</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Bloated ARK Forges Forward\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward><strong>ZeroHedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143873248","content_text":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.\nMost recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.\nThe second isbecause the launchof her newest actively managed \"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.\nBut something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.\nAnd now people are also pointing out that ARK's funds have been taking sizeable stakes in otherARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.\nAdditionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.\nAnd this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.\nNot unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.\nThe question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.\nBut for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":374238568,"gmtCreate":1619447642954,"gmtModify":1704724078287,"author":{"id":"3581727570212837","authorId":"3581727570212837","name":"charlito","avatar":"https://static.tigerbbs.com/187f09a2c9b9e341d7b9423366682194","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3581727570212837","authorIdStr":"3581727570212837"},"htmlText":"Wow amazing article, fully agree. Appreciate the article thanks","listText":"Wow amazing article, fully agree. Appreciate the article thanks","text":"Wow amazing article, fully agree. Appreciate the article thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374238568","repostId":1143873248,"repostType":4,"repost":{"id":"1143873248","pubTimestamp":1619446533,"share":"https://ttm.financial/m/news/1143873248?lang=&edition=fundamental","pubTime":"2021-04-26 22:15","market":"us","language":"en","title":"Cathie Wood's Bloated ARK Forges Forward","url":"https://stock-news.laohu8.com/highlight/detail?id=1143873248","media":"ZeroHedge","summary":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the bett","content":"<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.</p>\n<p>Whatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.</p>\n<p>Most recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.</p>\n<p>The second isbecause the launchof her newest actively managed&nbsp;\"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.</p>\n<p>But something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.</p>\n<p>And now people are also pointing out that ARK's funds have been taking sizeable stakes in&nbsp;<i>other</i>ARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.</p>\n<p>Additionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.</p>\n<p>And this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.</p>\n<p>Not unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.</p>\n<p>The question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.</p>\n<p>But for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Bloated ARK Forges Forward</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Bloated ARK Forges Forward\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward><strong>ZeroHedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143873248","content_text":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.\nMost recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.\nThe second isbecause the launchof her newest actively managed \"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.\nBut something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.\nAnd now people are also pointing out that ARK's funds have been taking sizeable stakes in otherARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.\nAdditionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.\nAnd this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.\nNot unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.\nThe question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.\nBut for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":374238244,"gmtCreate":1619447632988,"gmtModify":1704724078610,"author":{"id":"3575240466494143","authorId":"3575240466494143","name":"ASCNMN","avatar":"https://static.tigerbbs.com/9e7cbe60e92249aab78ace30dafa5d20","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3575240466494143","authorIdStr":"3575240466494143"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374238244","repostId":1143873248,"repostType":4,"repost":{"id":"1143873248","pubTimestamp":1619446533,"share":"https://ttm.financial/m/news/1143873248?lang=&edition=fundamental","pubTime":"2021-04-26 22:15","market":"us","language":"en","title":"Cathie Wood's Bloated ARK Forges Forward","url":"https://stock-news.laohu8.com/highlight/detail?id=1143873248","media":"ZeroHedge","summary":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the bett","content":"<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.</p>\n<p>Whatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.</p>\n<p>Most recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.</p>\n<p>The second isbecause the launchof her newest actively managed&nbsp;\"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.</p>\n<p>But something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.</p>\n<p>And now people are also pointing out that ARK's funds have been taking sizeable stakes in&nbsp;<i>other</i>ARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.</p>\n<p>Additionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.</p>\n<p>And this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.</p>\n<p>Not unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.</p>\n<p>The question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.</p>\n<p>But for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Bloated ARK Forges Forward</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Bloated ARK Forges Forward\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward><strong>ZeroHedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143873248","content_text":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.\nMost recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.\nThe second isbecause the launchof her newest actively managed \"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.\nBut something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.\nAnd now people are also pointing out that ARK's funds have been taking sizeable stakes in otherARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.\nAdditionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.\nAnd this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.\nNot unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.\nThe question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.\nBut for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":374233906,"gmtCreate":1619447533705,"gmtModify":1704724075374,"author":{"id":"3581920930646755","authorId":"3581920930646755","name":"Chonky","avatar":"https://static.tigerbbs.com/2b26c78fb11a9e646bce483ea1b0d6f3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581920930646755","authorIdStr":"3581920930646755"},"htmlText":"Helpful. Please comment and like.&nbsp;","listText":"Helpful. Please comment and like.&nbsp;","text":"Helpful. Please comment and like.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/374233906","repostId":1143873248,"repostType":4,"repost":{"id":"1143873248","pubTimestamp":1619446533,"share":"https://ttm.financial/m/news/1143873248?lang=&edition=fundamental","pubTime":"2021-04-26 22:15","market":"us","language":"en","title":"Cathie Wood's Bloated ARK Forges Forward","url":"https://stock-news.laohu8.com/highlight/detail?id=1143873248","media":"ZeroHedge","summary":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the bett","content":"<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.</p>\n<p>Whatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.</p>\n<p>Most recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.</p>\n<p>The second isbecause the launchof her newest actively managed&nbsp;\"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.</p>\n<p>But something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.</p>\n<p>And now people are also pointing out that ARK's funds have been taking sizeable stakes in&nbsp;<i>other</i>ARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.</p>\n<p>Additionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.</p>\n<p>And this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.</p>\n<p>Not unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.</p>\n<p>The question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.</p>\n<p>But for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Bloated ARK Forges Forward</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Bloated ARK Forges Forward\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward><strong>ZeroHedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143873248","content_text":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.\nMost recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.\nThe second isbecause the launchof her newest actively managed \"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.\nBut something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.\nAnd now people are also pointing out that ARK's funds have been taking sizeable stakes in otherARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.\nAdditionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.\nAnd this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.\nNot unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.\nThe question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.\nBut for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4140522,"gmtCreate":1619452959482,"gmtModify":1680785706469,"authorId":3579666066637422,"author":{"id":3579666066637422,"idStr":"3579666066637422","authorId":3579666066637422,"name":"Hodl","avatar":"https://static.tigerbbs.com/d591a82f579d3114da9795812a4217a0","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374233906,"type":1,"supId":0,"prevId":0,"content":"Great","text":"Great","html":"Great"}],"langContent":"EN"},{"id":374297461,"gmtCreate":1619447414153,"gmtModify":1704724071986,"author":{"id":"3576989391066214","authorId":"3576989391066214","name":"LouisTeoh","avatar":"https://static.tigerbbs.com/bf8046c28253800c5c7e05ed0ee9dbd7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576989391066214","authorIdStr":"3576989391066214"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/374297461","repostId":1143873248,"repostType":4,"repost":{"id":"1143873248","pubTimestamp":1619446533,"share":"https://ttm.financial/m/news/1143873248?lang=&edition=fundamental","pubTime":"2021-04-26 22:15","market":"us","language":"en","title":"Cathie Wood's Bloated ARK Forges Forward","url":"https://stock-news.laohu8.com/highlight/detail?id=1143873248","media":"ZeroHedge","summary":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the bett","content":"<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.</p>\n<p>Whatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.</p>\n<p>Most recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.</p>\n<p>The second isbecause the launchof her newest actively managed&nbsp;\"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.</p>\n<p>But something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.</p>\n<p>And now people are also pointing out that ARK's funds have been taking sizeable stakes in&nbsp;<i>other</i>ARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.</p>\n<p>Additionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.</p>\n<p>And this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.</p>\n<p>Not unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.</p>\n<p>The question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.</p>\n<p>But for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Bloated ARK Forges Forward</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Bloated ARK Forges Forward\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward><strong>ZeroHedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143873248","content_text":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.\nMost recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.\nThe second isbecause the launchof her newest actively managed \"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.\nBut something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.\nAnd now people are also pointing out that ARK's funds have been taking sizeable stakes in otherARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.\nAdditionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.\nAnd this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.\nNot unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.\nThe question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.\nBut for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4139707,"gmtCreate":1619447449130,"gmtModify":1680785687601,"authorId":3574747299650124,"author":{"id":3574747299650124,"idStr":"3574747299650124","authorId":3574747299650124,"name":"alicialjw","avatar":"https://static.tigerbbs.com/75446939ff21a7803eb236a4c6a5395c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374297461,"type":1,"supId":0,"prevId":0,"content":"<u>Done</u>","text":"<u>Done</u>","html":"<u>Done</u>"}],"langContent":"EN"},{"id":374290142,"gmtCreate":1619447009286,"gmtModify":1704724057890,"author":{"id":"3573786450103912","authorId":"3573786450103912","name":"Keatz","avatar":"https://static.tigerbbs.com/1d9b7ee59cb880841cedfc6ffb49f187","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3573786450103912","authorIdStr":"3573786450103912"},"htmlText":"??????","listText":"??????","text":"??????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/374290142","repostId":1143873248,"repostType":4,"repost":{"id":"1143873248","pubTimestamp":1619446533,"share":"https://ttm.financial/m/news/1143873248?lang=&edition=fundamental","pubTime":"2021-04-26 22:15","market":"us","language":"en","title":"Cathie Wood's Bloated ARK Forges Forward","url":"https://stock-news.laohu8.com/highlight/detail?id=1143873248","media":"ZeroHedge","summary":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the bett","content":"<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.</p>\n<p>Whatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.</p>\n<p>Most recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.</p>\n<p>The second isbecause the launchof her newest actively managed&nbsp;\"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.</p>\n<p>But something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.</p>\n<p>And now people are also pointing out that ARK's funds have been taking sizeable stakes in&nbsp;<i>other</i>ARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.</p>\n<p>Additionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.</p>\n<p>And this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.</p>\n<p>Not unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.</p>\n<p>The question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.</p>\n<p>But for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Bloated ARK Forges Forward</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Bloated ARK Forges Forward\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward><strong>ZeroHedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/cathie-woods-bloated-ark-forges-forward","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143873248","content_text":"We've been documenting Cathie Wood's adventures in active management over at ARK Invest for the better part of the last year and a half now.\nWhatstartedas a look into how the law of large numbers and Wood's popularity presented numerous pitfalls back in December 2020 has now become something of a financial world soap opera, with many observers watching ARK funds extremely closely as the NASDAQ teeters on the brink of a fever pitch and Tesla hits a patch of rocky road in China.\nMost recently, we've written about Wood for several reasons: the first is that shewas backed by Bill Hwang, who was at the helm of the massive Archegos Capital blowup that singlehandedly pasted numerous equities to the tune of more than 50% each, while also doling out a multi-billion dollar loss to Credit Suisse and other counterparties caught \"holding the hot potato\". The link drew obvious comparisons, although we're certain Wood isn't employing the insane leverage that catalyzed Hwang's blowup.\nThe second isbecause the launchof her newest actively managed \"Space Exploration ETF\" has included some curious names. For example, it owns names like John Deere, which many find curious, while excluding space exploration pure plays like Maxar.\nBut something else is going on that has piqued our curiosity as of late. Wood's actively managed style seems to be drifting further away from risk-adverse and closer to just \"risk\". Sure, we have pointed out in the past Wood's propensity to sell large, liquid tech names like Microsoft in favor of buying speculative early stage names like Workhorse and Vuzix.\nAnd now people are also pointing out that ARK's funds have been taking sizeable stakes in otherARK funds. ARK's Space Exploration ETF now owns 7.2% of ARK's 3D printing ETF, for example.\nAdditionally, Wood has alsoalready amasseda several hundred million dollar position in the newly listed Coinbase IPO, which is down almost 20% from its $350 reference price when it listed. Despite your take on crypto, it's tough to deny that piling into a sizeable equity position based mostly on super-volatile cryptocurrencies is a risk adverse strategy.\nAnd this has caused many on FinTwit to think about the feedback loop that is slowly determining whether or not ARK funds see success. This diagram appeared over the weekend, and shows exactly how - should inflows into ARK funds slow or reverse - their intrinsic value could collapse.\nNot unlike the Allied Capitals of the world, ARK looks more and more like a BDC marking its own book up as the cycle continues to feed off itself. The further along the cycle gets, the easier it becomes for a pin to prick the entire bubble.\nThe question then turns to how much further ARK wants to \"push it\" and - not unlike the overall market which is seeing record levels of margin debt......how big the bloodbath could wind up being if the stock market decides to buck the Fed and simply decide \"enough is enough\", before puking up all of the malinvestment that has taken place over the last decade.\nBut for now - maybe for one more day, one more week, or maybe even another month, Cathie Wood's ARK forges forward.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4140648,"gmtCreate":1619454192645,"gmtModify":1680785700358,"authorId":3571822975434375,"author":{"id":3571822975434375,"idStr":"3571822975434375","authorId":3571822975434375,"name":"wormsccc","avatar":"https://static.tigerbbs.com/3aa76875645103bf18f2faa96838defd","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374290142,"type":1,"supId":0,"prevId":0,"content":"[财迷]","text":"[财迷]","html":"[财迷]"},{"id":4139718,"gmtCreate":1619447484457,"gmtModify":1680785688265,"authorId":3573373078542650,"author":{"id":3573373078542650,"idStr":"3573373078542650","authorId":3573373078542650,"name":"KeithHan","avatar":"https://static.tigerbbs.com/499148728d0c775136a5099e0d8769c0","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":374290142,"type":1,"supId":0,"prevId":0,"content":"? ? ? ?","text":"? ? ? ?","html":"? ? ? ?"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":49,"commentSize":24,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}