The fans of "Cathie Wood" buy the dip! ARKK slumps after biggest inflow in a year

$ARK Innovation ETF (ARKK.US)$ the main fund of ARK Invest, founded by Wood and serving as chief investment officer, fell 10% in intraday trading on Thursday and closed down nearly 9%, the fourth largest decline in history since its inception in October 2014. This was followed by three one-day declines at the beginning of the U.S. outbreak in March 2020.
ARKK once fell nearly 8% on Friday and closed down 4.4%, closing at a new low since April 7, 2020. As of Friday's close, ARKK has fallen about 13% in the past two days, and has fallen about 52% since the beginning of this year.

Just before ARKK's recent plunge, the media found that investor funds inflow into ARKK reached as high as $366.7 million on last Tuesday, the largest single-day inflow in a year.
But who could have guessed that the day after the Fed raised interest rates after investors fled to ARKK, the U.S. stock market plummeted. On Thursday, the Dow fell more than 1,000 points, or more than 3%, and the Nasdaq fell about 5%, the largest decline in nearly two years. , and ARKK, which bets on high-growth tech stocks, fell even more.
When the media broke out that ARKK ushered in a large-scale capital inflow on Tuesday, it pointed out that since the beginning of this week, ARKK has "absorbed" US$447.4 million, after three consecutive weeks of net inflows. This comes after ARKK slumped 29% in April, its biggest monthly drop on record.
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