ARKK Is Now A Broad Market Indicator, Like Bitcoin
For weekend reading, Louis Navellier offers the following commentary: Q4 2021 hedge fund letters, conferences and more ARKK Is Now A Broad Market IndicatorCatching a bid over the past week, the Ark Innovation Fund (NYMARKET:ARKK) is now an indicator for when high-beta assets are rebounding – or coming under renewed pressure. I don’t believe that ARKK has a lot of upside potential, but suffice it to say that if it rallies past last week’s high of $77.56, we are further away from the January bottom and there is likely more upside for the stock market. On the other hand, a close below last Friday...