Cathie Wood's Ark Rebounds: A Dead-Cat Bounce?


Is it only a dead-cat bounce or the signal of one thing greater? 

Renowned investor Cathie Wood’s flagship Ark Innovation ETF  (ARKK) – Get ARK Innovation ETF Report is on the rebound. It has bounced again 24% from its May 12 intraday low. 

The fund stays off 54% 12 months up to now and off 73% from its February 2021 excessive.

In the previous few weeks Wood’s disruptive expertise shares have rebounded in sync with different shares. The tech-heavy Nasdaq Composite has climbed 10% from its May 20 intraday low.

But many consultants don’t count on the rally to final. Wood’s decisions –- and different tech shares — have been hammered by rising rates of interest. And the Federal Reserve is poised to elevate charges additional.