Authorization

Cathie Wood Sees Early Signs Of Bear Market Ending, Stands By Favorite Growth Stock Picks

Cathie Wood Sees Early Signs Of Bear Market Ending, Stands By Favorite Growth Stock Picks
Ark Invest founder Cathie Wood seems to think the market is approaching a bottom and growth stocks would lead a recovery, the fund manager told CNBCa??s Tech Trade Special Friday.

a??Typically growth stocks will outperform as we move towards the end of a bear market and of a recession because they are the new leadership,a?? she reportedly said.

After peaking late last year, the broader market has been on a secular downtrend. But since mid-June, stocks have shown signs of reversing course. A bear market is technically defined as a decline of over 20% from a recent high.

Wood said, on an intraday basis the funda??s flagship ETF - ARK Innovation ETF (NYSE:ARKK), bottomed on May 12.

a??We actually bottomed before the Nasdaq and the S&P did,a?? the fund manager said.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Август 2022    »
ПнВтСрЧтПтСбВс
1234567
891011121314
15161718192021
22232425262728
293031