Cathie Wood's ARKK on track for best day ever

Cathie Wood's flagship $ARK Innovation ETF (ARKK.US)$ staged a dramatic relief rally Thursday on the back of an easing inflation reading. The fund jumped more than 13% to hit an intraday high of $37.02, on pace to post its biggest daily pop since its inception in 2014.
$Unity Software (U.US)$ , $Invitae (NVTA.US)$ and $Pacific Biosciences of California (PACB.US)$ all traded up over 20% so far Thursday. ARKK's biggest holding $Zoom Communications (ZM.US)$ popped about 12%, while $Tesla (TSLA.US)$ jumped nearly 7%. $Visa (V.US)$ advanced more than 11%. $Teladoc Health (TDOC.US)$ climbed 12%.
Wood's disruptive darlings have been hurt particularly hard this year as rising rates made growth names unappealing. These stocks could see a big rebound if easing price pressures lead the Federal Reserve to dial back its aggressive tightening efforts. $Tradr 2X Short Innovation Daily ETF (SARK.US)$