ARKK all time high is almost $160, so currently just over 50% drawdown from all time highs. I don't think ARKK has ever had a >50% drawdown before? It looks like it came close to that during the first the covid sell off in 2020. But this latest drawdown looks like the biggest she has ever had. Down over 50% when NDX is down about 7%. If the Nasdaq goes full on -20% bear market, where will ARKK be trading??
Video from just a week ago: 'We are All In [on innovation stocks].. high conviction of unstoppable explosive growth the likes of which we have never seen', .. blah blah blah .. She still thinks 'Inflation is transitory' , says velocity of money is going down not up, and the Fed is being over cautious with their jawboning. Says Ford's share price soaring on electric car sale predictions is ridiculous.
Why? She had an amazing run that made her rich. From the sound of her last video (above) only about half her net worth is invested in her fund. Although she claims she is 'All In', whatever that means. So she still gets to walk away with half her fortune even if her fund blows up and never recovers.