The extensive sell-off of pricey tech shares has pummeled ARK Investment, forcing Cathie Wood to defend her fund’s strategy by arguing that “the market is not pricing assets based on…
Day: May 27, 2022
“Tiger Cubs” Get Crushed By Stocks
The managers known as Tiger Cubs—so called for their origins at Tiger Management—have been pummeled by the same batch of highly-priced tech stocks that earned them billions, reports Yahoo! Finance.…
Market Is Top-Heavy But Carnage Is Wide
Heading into 2022, Apple, Microsoft, Amazon, Tesla, Alphabet and Meta accounted for 25% of the S&P 500. Last year, they fueled the stock market to record highs. Now, they’re responsible…
Gartman: Sell Rallies In Bear Market
In an interview on Bloomberg Radio, the chairman of the University of Akron Endowment Dennis Gartman said that the bear market started in January, will continue for many months, and…