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She sold Nvidia right before price rocket

Cathie Wood Sees a Great Depression-Like Search for Safety in the Stock Market

Something funny happened in the market on Thursday: The most eagerly awaited report of the entire earnings season, Nvidia's, more than delivered, and while the chipmaker's investors benefited, the res

Cathie Wood Sees a Great Depression-Like Search for Safety in the Stock Market

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The blame fell on rising interest rates after better-than-expected economic data.</p><p>Cathie Wood, the chief executive and chief investment officer of ARK Invest, gave a broader perspective: &#34;In our view, the search for cash and safety in the equity markets today is as intense as that during the Great Depression in the early 1930s,&#34; she said on the social media service X on Thursday night. &#34;When fear dissipated, the market broadened out and rewarded risk-taking once again.&#34;</p><p>Before going further, the elephant in the room when mentioning Wood and Nvidia <a href=\"https://laohu8.com/S/NVDA\">$(NVDA)$</a> in the same story is that she infamously exited the stock at precisely the wrong time, selling most of her stake prior to Nvidia&#39;s meteoric ascent on the back of artificial intelligence demand.</p><p>Her flagship fund, the <a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a> ARKK, has dropped 17% this year, weighed down not by just Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>- more on the automaker later - but also by other top holdings that have struggled including Roku <a href=\"https://laohu8.com/S/ROKU\">$(ROKU)$</a>, <a href=\"https://laohu8.com/S/SQ\">Block</a> (SQ) and <a href=\"https://laohu8.com/S/PATH\">UiPath</a> (PATH), in a year Nvidia has soared 110%.</p><p>Wood&#39;s argument is that market concentration is the evidence of the search for cash and safety.</p><p>One piece of evidence of this concentration is that the weight of Nasdaq 100 companies in the S&amp;P 500 is now at 45%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0d4c291a15bbceabe5b30366625a75cd\" tg-width=\"700\" tg-height=\"731\"/></p><p>&#34;The Nasdaq used to be a very fertile place for companies in the mid-to-large range,&#34; she said in a recent presentation. &#34;They were the innovators, they were the disruptors. We feel the Nasdaq 100 does very little of that right now.&#34;</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/31f7e3036123592618e01704901724ef\" tg-width=\"700\" tg-height=\"449\"/></p><p>She also points to an analysis done by Goldman Sachs earlier in the year, showing that the market cap of the largest stock relative to the 75th percentile ranked one is the highest since 1932.</p><p>Her main point, along with a pessimistic reading of the U.S. economy, is that once interest rates start coming down, market gains will broaden out.</p><p>&#34;Last year the market did seem to start moving ... in that direction, so that was the beginning we think of this move, but if we&#39;re right this [Goldman market concentration] chart would suggest the move has miles to go,&#34; she said.</p></body></html>","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 Sees a Great Depression-Like Search for Safety in the Stock 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: 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 Sees a Great Depression-Like Search for Safety in the Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-05-24 19:26</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Something funny happened in the market on Thursday: The most eagerly awaited report of the entire earnings season, Nvidia&#39;s, more than delivered, and while the chipmaker&#39;s investors benefited, the rest of the market slumped. The blame fell on rising interest rates after better-than-expected economic data.</p><p>Cathie Wood, the chief executive and chief investment officer of ARK Invest, gave a broader perspective: &#34;In our view, the search for cash and safety in the equity markets today is as intense as that during the Great Depression in the early 1930s,&#34; she said on the social media service X on Thursday night. &#34;When fear dissipated, the market broadened out and rewarded risk-taking once again.&#34;</p><p>Before going further, the elephant in the room when mentioning Wood and Nvidia <a href=\"https://laohu8.com/S/NVDA\">$(NVDA)$</a> in the same story is that she infamously exited the stock at precisely the wrong time, selling most of her stake prior to Nvidia&#39;s meteoric ascent on the back of artificial intelligence demand.</p><p>Her flagship fund, the <a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a> ARKK, has dropped 17% this year, weighed down not by just Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>- more on the automaker later - but also by other top holdings that have struggled including Roku <a href=\"https://laohu8.com/S/ROKU\">$(ROKU)$</a>, <a href=\"https://laohu8.com/S/SQ\">Block</a> (SQ) and <a href=\"https://laohu8.com/S/PATH\">UiPath</a> (PATH), in a year Nvidia has soared 110%.</p><p>Wood&#39;s argument is that market concentration is the evidence of the search for cash and safety.</p><p>One piece of evidence of this concentration is that the weight of Nasdaq 100 companies in the S&amp;P 500 is now at 45%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0d4c291a15bbceabe5b30366625a75cd\" tg-width=\"700\" tg-height=\"731\"/></p><p>&#34;The Nasdaq used to be a very fertile place for companies in the mid-to-large range,&#34; she said in a recent presentation. &#34;They were the innovators, they were the disruptors. We feel the Nasdaq 100 does very little of that right now.&#34;</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/31f7e3036123592618e01704901724ef\" tg-width=\"700\" tg-height=\"449\"/></p><p>She also points to an analysis done by Goldman Sachs earlier in the year, showing that the market cap of the largest stock relative to the 75th percentile ranked one is the highest since 1932.</p><p>Her main point, along with a pessimistic reading of the U.S. economy, is that once interest rates start coming down, market gains will broaden out.</p><p>&#34;Last year the market did seem to start moving ... in that direction, so that was the beginning we think of this move, but if we&#39;re right this [Goldman market concentration] chart would suggest the move has miles to go,&#34; she said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","BK4108":"电影和娱乐","BK4567":"ESG概念","BK4534":"瑞士信贷持仓","BK4227":"交易和支付处理服务","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0823414478.USD":"法巴经典能源转换基金","BK4555":"新能源车","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","ARKK":"ARK Innovation ETF","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","BK4543":"AI","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4550":"红杉资本持仓","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4544":"ARK ETF合集","BK4094":"服装零售",".DJI":"道琼斯","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4097":"系统软件",".IXIC":"NASDAQ Composite","BK4547":"WSB热门概念","BK4504":"桥水持仓",".SPX":"S&P 500 Index","NVDA":"英伟达","LU1989763005.USD":"东方汇理教育基金A2 Acc","LU0109391861.USD":"富兰克林美国机遇基金A Acc","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","BK4099":"汽车制造商","BK4549":"软银资本持仓","BK4511":"特斯拉概念","LU0823411888.USD":"法巴消费创新基金 Cap","BK4548":"巴美列捷福持仓","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4539":"次新股","BK4106":"数据处理与外包服务"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2437082356","content_text":"Something funny happened in the market on Thursday: The most eagerly awaited report of the entire earnings season, Nvidia's, more than delivered, and while the chipmaker's investors benefited, the rest of the market slumped. The blame fell on rising interest rates after better-than-expected economic data.Cathie Wood, the chief executive and chief investment officer of ARK Invest, gave a broader perspective: \"In our view, the search for cash and safety in the equity markets today is as intense as that during the Great Depression in the early 1930s,\" she said on the social media service X on Thursday night. \"When fear dissipated, the market broadened out and rewarded risk-taking once again.\"Before going further, the elephant in the room when mentioning Wood and Nvidia $(NVDA)$ in the same story is that she infamously exited the stock at precisely the wrong time, selling most of her stake prior to Nvidia's meteoric ascent on the back of artificial intelligence demand.Her flagship fund, the ARK Innovation ETF ARKK, has dropped 17% this year, weighed down not by just Tesla $(TSLA)$- more on the automaker later - but also by other top holdings that have struggled including Roku $(ROKU)$, Block (SQ) and UiPath (PATH), in a year Nvidia has soared 110%.Wood's argument is that market concentration is the evidence of the search for cash and safety.One piece of evidence of this concentration is that the weight of Nasdaq 100 companies in the S&P 500 is now at 45%.\"The Nasdaq used to be a very fertile place for companies in the mid-to-large range,\" she said in a recent presentation. \"They were the innovators, they were the disruptors. We feel the Nasdaq 100 does very little of that right now.\"She also points to an analysis done by Goldman Sachs earlier in the year, showing that the market cap of the largest stock relative to the 75th percentile ranked one is the highest since 1932.Her main point, along with a pessimistic reading of the U.S. economy, is that once interest rates start coming down, market gains will broaden out.\"Last year the market did seem to start moving ... in that direction, so that was the beginning we think of this move, but if we're right this [Goldman market concentration] chart would suggest the move has miles to go,\" she said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":86,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":35,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}