Profile - To The Moon

喵喵糖

Posts · 1Posts · 1
Following · 0Following · 0
Followers · 0Followers · 0

- 喵喵糖喵喵糖
  ·2021-05-07
  ayun
  The fund of "Bull Queen" plunged. Why did it bring trouble to the market?
  香港万得通讯社报道，随着明星成长股纷纷回调，最热门的成长股ETF也开始大幅下滑。分析师表示，如果此类热门基金抛售加剧，标普500指数将测试4000点下方。由“牛市女皇”凯茜·伍德（Cathie Wo
  The fund of "Bull Queen" plunged. Why did it bring trouble to the market?
  1.39K Comment
  1
  Share
  Report

Most Discussed

{"i18n":{"language":"en_US"},"isCurrentUser":false,"userPageInfo":{"id":"3494564335162680","uuid":"3494564335162680","gmtCreate":1531613985525,"gmtModify":1531613985525,"name":"喵喵糖","pinyin":"mmtmiaomiaotang","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.laohu8.com/default-avatar.jpg","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":22,"tweetSize":1,"questionSize":0,"limitLevel":900,"accountStatus":4,"level":{"id":0,"name":"","nameTw":"","represent":"","factor":"","iconColor":"","bgColor":""},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.04.02","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":2,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":2,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"page":1,"watchlist":null,"tweetList":[{"id":104560124,"gmtCreate":1620398230568,"gmtModify":1704343169817,"author":{"id":"3494564335162680","authorId":"3494564335162680","name":"喵喵糖","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3494564335162680","authorIdStr":"3494564335162680"},"themes":[],"htmlText":"ayun","listText":"ayun","text":"ayun","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/104560124","repostId":"1172819387","repostType":4,"repost":{"id":"1172819387","kind":"news","weMediaInfo":{"introduction":"中国大陆领先的金融数据、信息和软件服务企业，总部位于上海陆家嘴金融中心。","home_visible":1,"media_name":"Wind万得","id":"99","head_image":"https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68"},"pubTimestamp":1620355302,"share":"https://ttm.financial/m/news/1172819387?lang=en_US&edition=fundamental","pubTime":"2021-05-07 10:41","market":"us","language":"zh","title":"The fund of \"Bull Queen\" plunged. Why did it bring trouble to the market?","url":"https://stock-news.laohu8.com/highlight/detail?id=1172819387","media":"Wind万得","summary":"香港万得通讯社报道，随着明星成长股纷纷回调，最热门的成长股ETF也开始大幅下滑。分析师表示，如果此类热门基金抛售加剧，标普500指数将测试4000点下方。\n由“牛市女皇”凯茜·伍德（Cathie Wo","content":"<p>Hong Kong's Wind News Agency reports that the hottest growth stock ETFs have also begun to plummet as star growth stocks have pulled back. Analysts say the S&P 500 will test below 4,000 if selling intensifies in such popular funds.</p><p>The ARK Innovation ETF, managed by \"bull queen\" Cathie Wood, delivered nearly 150% returns in 2020, but it is now quickly giving up those gains. The ETF, which has pullback/retracement more than 30% since its February high, has fallen 10.47% since May. On Thursday, the index fell again, with the ETF down 3.07% to $108.13 at the close of the day.</p><p><img src=\"https://static.tigerbbs.com/4b391a72064ea5465f406126af8e8de3\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>This ETF focuses on biotechnology,<a href=\"https://laohu8.com/S/300024\">Robot</a>\"Disruptive innovation\" stocks in the fields of artificial intelligence, blockchain and financial technology. It is a concentrated thematic fund that will fluctuate wildly with a handful of high-growth stocks.</p><p>The fund's top 10 assets account for nearly half of its portfolio.<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Of, accounting for about 11% of total assets, followed by U.S. mobile payments company Square, medical enterprise Teladoc Health and streaming platform Roku. The top 10 companies also include the U.S. real estate information search site<a href=\"https://laohu8.com/S/Z\">Zillow</a>Virtual Conference Company<a href=\"https://laohu8.com/S/ZM\">Zoom</a>And Baidu, etc.</p><p><img src=\"https://static.tigerbbs.com/41f1cd9a349c955f212069251309920c\" tg-width=\"796\" tg-height=\"488\" referrerpolicy=\"no-referrer\"></p><p>Many of these stocks have plunged as the market sector rotation shifts from high-growth, high-multiple stocks to value and cyclical stocks. Although the ETF offers a great deal of interest in many<a href=\"https://laohu8.com/S/C76.SI\">Innovation and Technology</a>Investments in areas that may deliver excess returns in the long term, but such individual stocks have underperformed recently as investors' risk appetite cools and crowded momentum trading reverses.</p><p>Take Tesla, for example, which has fallen more than 6% since May. Zoom, Zillow and<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Shares fell by more than 8%.</p><p>The ETF still has $21 billion in assets, making it one of the largest actively managed ETFs. But as highly valued stocks pulled back, many investors pulled out of the fund. Investors redeemed $770 million in shares in the past week and $866 million in the past month, according to Barron's.</p><p><b>The selling tide of highly valued stocks is expected to continue</b></p><p>Looking ahead, analysts are cautious about the future of ARK Innovation ETF. As concerns about inflation grow, it becomes harder for highly valued companies to justify it, and the strong rally in the previous period has left many investors choosing to take profits. The Bear Traps Report shows that most of the inflows into the ETF have come from the last nine months. That means the ETF currently has 50% of its money at a loss, the report said.</p><p>In addition, analysts' pessimistic expectations also come from the investment style of ARK Innovation ETF. Cathy Wood's investing style looks at risk from a bottom-up stock-picking perspective, rather than trying to model the exposure of an overall portfolio under various market conditions. As the ETF's asset base balloons, the fund's liquidity decreases and it is more vulnerable to severe losses.</p><p>Others are worried about the fund's impact on the market. Andrew Adams of Saut Strategy said: \"My real worry is that the high-growth areas represented by ARK and many similar funds are in danger of sharp selling and potentially causing a waterfall. If these more speculative areas start to sell together, that's not a good sign for the market.\"</p><p>\"If high-growth stocks start to break support and lead the rest of the market, the S&P 500 will eventually be retested in the 3,980-4,000 territory,\" Adams wrote. The S&P 500 closed Thursday at 4,201.62, up 0.82%.</p><p>Adams said that testing support in the 3,980-4,000 area would only mark a retreat of 5% to 6%, but given that losses in the U.S. stock market would cause more severe losses in other areas. \"I'd rather avoid that.\"</p><p>Granted, this ETF's track record remains staggering, at least for investors who catch up on this rising wave. Since the end of 2017, the ETF has gained more than 456%, compared with the S&P 500's 88% gain over the same period. Renato Leggi, client portfolio manager at ARK, expects cyclical rotations in sectors such as energy and finance to disappear, saying these sectors are particularly \"vulnerable to disruption\" in the long run. He added: \"Our performance tends to pull back during risk aversion periods, and we tend to outperform during subsequent periods of rising risk appetite.\"</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>The fund of \"Bull Queen\" plunged. Why did it bring trouble to the market?</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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: 12.5px; color: #7E829C; margin: 0;}\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\">\nThe fund of \"Bull Queen\" plunged. Why did it bring trouble to the market?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/99\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Wind万得 </p>\n<p class=\"h-time smaller\">2021-05-07 10:41</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Hong Kong's Wind News Agency reports that the hottest growth stock ETFs have also begun to plummet as star growth stocks have pulled back. Analysts say the S&P 500 will test below 4,000 if selling intensifies in such popular funds.</p><p>The ARK Innovation ETF, managed by \"bull queen\" Cathie Wood, delivered nearly 150% returns in 2020, but it is now quickly giving up those gains. The ETF, which has pullback/retracement more than 30% since its February high, has fallen 10.47% since May. On Thursday, the index fell again, with the ETF down 3.07% to $108.13 at the close of the day.</p><p><img src=\"https://static.tigerbbs.com/4b391a72064ea5465f406126af8e8de3\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>This ETF focuses on biotechnology,<a href=\"https://laohu8.com/S/300024\">Robot</a>\"Disruptive innovation\" stocks in the fields of artificial intelligence, blockchain and financial technology. It is a concentrated thematic fund that will fluctuate wildly with a handful of high-growth stocks.</p><p>The fund's top 10 assets account for nearly half of its portfolio.<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Of, accounting for about 11% of total assets, followed by U.S. mobile payments company Square, medical enterprise Teladoc Health and streaming platform Roku. The top 10 companies also include the U.S. real estate information search site<a href=\"https://laohu8.com/S/Z\">Zillow</a>Virtual Conference Company<a href=\"https://laohu8.com/S/ZM\">Zoom</a>And Baidu, etc.</p><p><img src=\"https://static.tigerbbs.com/41f1cd9a349c955f212069251309920c\" tg-width=\"796\" tg-height=\"488\" referrerpolicy=\"no-referrer\"></p><p>Many of these stocks have plunged as the market sector rotation shifts from high-growth, high-multiple stocks to value and cyclical stocks. Although the ETF offers a great deal of interest in many<a href=\"https://laohu8.com/S/C76.SI\">Innovation and Technology</a>Investments in areas that may deliver excess returns in the long term, but such individual stocks have underperformed recently as investors' risk appetite cools and crowded momentum trading reverses.</p><p>Take Tesla, for example, which has fallen more than 6% since May. Zoom, Zillow and<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Shares fell by more than 8%.</p><p>The ETF still has $21 billion in assets, making it one of the largest actively managed ETFs. But as highly valued stocks pulled back, many investors pulled out of the fund. Investors redeemed $770 million in shares in the past week and $866 million in the past month, according to Barron's.</p><p><b>The selling tide of highly valued stocks is expected to continue</b></p><p>Looking ahead, analysts are cautious about the future of ARK Innovation ETF. As concerns about inflation grow, it becomes harder for highly valued companies to justify it, and the strong rally in the previous period has left many investors choosing to take profits. The Bear Traps Report shows that most of the inflows into the ETF have come from the last nine months. That means the ETF currently has 50% of its money at a loss, the report said.</p><p>In addition, analysts' pessimistic expectations also come from the investment style of ARK Innovation ETF. Cathy Wood's investing style looks at risk from a bottom-up stock-picking perspective, rather than trying to model the exposure of an overall portfolio under various market conditions. As the ETF's asset base balloons, the fund's liquidity decreases and it is more vulnerable to severe losses.</p><p>Others are worried about the fund's impact on the market. Andrew Adams of Saut Strategy said: \"My real worry is that the high-growth areas represented by ARK and many similar funds are in danger of sharp selling and potentially causing a waterfall. If these more speculative areas start to sell together, that's not a good sign for the market.\"</p><p>\"If high-growth stocks start to break support and lead the rest of the market, the S&P 500 will eventually be retested in the 3,980-4,000 territory,\" Adams wrote. The S&P 500 closed Thursday at 4,201.62, up 0.82%.</p><p>Adams said that testing support in the 3,980-4,000 area would only mark a retreat of 5% to 6%, but given that losses in the U.S. stock market would cause more severe losses in other areas. \"I'd rather avoid that.\"</p><p>Granted, this ETF's track record remains staggering, at least for investors who catch up on this rising wave. Since the end of 2017, the ETF has gained more than 456%, compared with the S&P 500's 88% gain over the same period. Renato Leggi, client portfolio manager at ARK, expects cyclical rotations in sectors such as energy and finance to disappear, saying these sectors are particularly \"vulnerable to disruption\" in the long run. He added: \"Our performance tends to pull back during risk aversion periods, and we tend to outperform during subsequent periods of rising risk appetite.\"</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1243a3c3332646ecb05aa2adbc87f85e","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","SDS":"两倍做空标普500 ETF-ProShares","QNETCN":"纳斯达克中美互联网老虎指数","BIDU":"百度","OEF":"标普100指数ETF-iShares","SPXU":"三倍做空标普500ETF-ProShares","ARKF":"ARK Fintech Innovation ETF",".SPX":"S&P 500 Index","TSLA":"特斯拉","ARKG":"ARK Genomic Revolution ETF","Z":"Zillow","UPRO":"三倍做多标普500ETF-ProShares","OEX":"标普100","ARKO":"ARKO Corp","SSO":"2倍做多标普500ETF-ProShares","ARKK":"ARK Innovation ETF","TDOC":"Teladoc Health Inc.","SPY":"标普500ETF","SH":"做空标普500-Proshares","ROKU":"Roku Inc","IVV":"标普500ETF-iShares","ZM":"Zoom"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172819387","content_text":"香港万得通讯社报道，随着明星成长股纷纷回调，最热门的成长股ETF也开始大幅下滑。分析师表示，如果此类热门基金抛售加剧，标普500指数将测试4000点下方。\n由“牛市女皇”凯茜·伍德（Cathie Wood）管理的ARK创新ETF在2020年实现了近150%的回报率，但它现在正在迅速放弃这些收益。这只ETF自2月高点已回撤逾30%，5月以来已下跌10.47%。周四，该指数再次下跌，截至当日收盘，该ETF跌3.07%至108.13美元。\n\n这只ETF专注于生物技术、机器人、人工智能、区块链和金融技术等领域的“颠覆性创新”股票。这是一只集中的主题型基金，会随少数高增长股票价格大幅波动。\n该基金的前10大资产占其投资组合的近一半。特斯拉的持股比例最高，约占总资产的11%，其次是美国移动支付公司Square、医疗企业Teladoc Health和流媒体平台Roku。排名前10位的公司还包括美国房地产信息查询网站Zillow、虚拟会议公司Zoom以及百度等。\n\n随着市场板块轮动从高增长、高倍数股票转向价值型和周期性股票，许多此类股票都出现了暴跌。尽管该ETF提供了对许多创新科技领域的投资，这些领域可能在长期会带来超额回报，但随着投资者的风险偏好降温，拥挤的动量交易出现逆转，此类个股近期表现不佳。\n以特斯拉为例，该公司5月以来已跌逾6%。Zoom，Zillow和百度的股价下跌了超过8%。\n该ETF仍然拥有210亿美元的资产，是最大的主动管理型ETF之一。但随着高估值个股回调，许多投资者纷纷撤离该基金。据《巴伦周刊》报道，投资者在过去一周赎回了7.7亿美元的股票，在过去一个月赎回了8.66亿美元的股票。\n高估值个股抛售潮料将持续\n展望未来，分析师对ARK创新ETF的未来持谨慎态度。随着人们对通胀的担忧与日俱增，高估值企业变得更难证明其合理性，而前期的强劲涨势也让许多投资者选择获利了结。Bear Traps Report显示，流入该ETF的资金大部分来自过去9个月。报告称，这意味着该ETF目前有50%的资金处于亏损状态。\n此外，分析师的悲观预期也来自于ARK创新ETF的投资风格。凯茜·伍德的投资风格是从自下而上选股的角度来看待风险的，而不是试图模拟各种市场条件下整体投资组合的风险敞口。随着ETF资产基础的膨胀，该基金的流动性下降，更容易遭受严重损失。\n另一部分人则担心该基金对市场造成的影响。Saut Strategy的安德鲁·亚当斯（AndrewAdams）称：“我真正的担心是，以ARK和许多类似基金为代表的高增长区域正处于大幅抛售的危险中，并有可能造成瀑布式下跌。如果这些更具投机性的领域共同开始抛售，那对市场来说不是一个好现象。”\n亚当斯写道：“如果高增长股票开始打破支撑，并带动其余市场，那么标准普尔500指数在3,980-4,000区域终将受到重新测试。”标普500指数周四收于4,201.62点，上涨0.82%。\n亚当斯称，测试3,980-4,000区域的支撑位只会标志着5%至6%的回落，但鉴于美股市场的损失会在其他领域造成更严重亏损。“我宁愿避免这种情况。”\n诚然，这只ETF的记录依然惊人，至少对那些赶上这股上涨浪潮的投资者来说是如此。自2017年年底以来，该ETF涨幅已超过456%，而同期标普500指数的涨幅为88%。ARK的客户投资组合经理雷纳托•莱吉(Renato Leggi)预计，能源和金融等行业的周期性轮动将会消失，并表示这些行业在长期内尤其“容易受到干扰”。他补充称：“我们的表现往往会在风险规避期回调，而在随后的风险偏好上升期，我们往往会表现出色。”","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"SPY":0.9,"SSO":0.9,"ARKK":0.9,"ZM":0.9,"ARKO":0.9,"OEF":0.9,"ESmain":0.9,"ARKG":0.9,"ROKU":0.9,"TDOC":0.9,"TSLA":0.9,"UPRO":0.9,"SDS":0.9,"SQ":0.9,"OEX":0.9,"SH":0.9,"Z":0.9,"SPXU":0.9,"QNETCN":0.9,"IVV":0.9,"BIDU":0.9,".SPX":0.9,"ARKF":0.9}},"isVote":1,"tweetType":1,"viewCount":1390,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}