Almost all constituent stocks of Cathie Wood's flagship fund are in a bear market

Cathie Wood's flagship fund, $ARK Innovation ETF(ARKK.US)$, the head of Ark Invest and known as the "God of Technology Stocks", has just experienced a frustrating week. With the sharp correction of technology stocks, almost all of the fund's constituent stocks fell into a bear market. The Ark Innovation ETF fell 5.5% on Friday and 12.6% this week, marking its biggest weekly decline since February. With the sell-off of technology stocks, 9 of the top 10 positions of the Ark Innovation ETF all fell. Its largest holding $Tesla(TSLA.US)$ fell more than 6% on Friday, while Teladoc, its second largest holding, US stock telemedicine service provider, fell more than 4%. Among all the constituent stocks of the Ark Innovation ETF, with the exception of space concept stocks Trimble and Tesla, the rest have fallen more than 20% from their recent highs, which means that they have fallen into a bear market technically. $ARK Innovation ETF(ARKK.US)$