Cathie Wood says the Ark Invest is "going through soul-searching"as its growth-focused funds fall out of favor amid expectations of tighter Federal Reserve policy.
- $ARK Innovation ETF(ARKK.US)$has dropped more than 20% in 2021.
- And in the same period, $S&P 500 Index(.SPX.US)$climbed more than 20%.
Wood says her funds are sticking to their plans even after the rough stretch, and that their models forecast big returns in the next half decade.
Source: bloomberg
Read more: Cathie Wood: My stocks aren't in a bubble, but yours may be

$Tesla(TSLA.US)$ CEO Elon Musk sold shares worth $963.2 million on Thursday, as per filings made with the U.S. Securities and Exchange Commission. 
Check out Musk's ongoing stock selling plan:
Today, Musk said he is 'thinking of' quitting his jobs and becoming an influencer after selling off more than $1billion of Tesla shares.
The Tesla CEO, 50, took to $Twitter (Delisted)(TWTR.US)$ on Thursday to ask his 65.8million followers what they thought of his idea to leave his roles and focus on social media instead.
"I'll coach u on how to get YouTube views!" —— a YouTube influencer replied to which Musk responded with a joined hands emoji.
Just a few days ago, Musk was spotted in a mohawk hairstyle which he claims he did himself.
During a conference call in January, Musk revealed that he would like having some "free time on his hands as opposed to just working day and night."
It would be nice to have a bit more free time on my hands as opposed to just working day and night, from when I wake up to when I go to sleep 7 days a week. Pretty intense."
—— Musk said.
Mooers, do you think Elon Musk actually wants to quit his job?
Source: MailOnline, SECTIONS, The Economic Times, ZeroHedge

$AMC Entertainment(AMC.US)$ In for yet another round!

$Tesla(TSLA.US)$ CEO Elon Musk said that "chief executive officer" is a "made-up title," speaking during an interview at The Wall Street Journal's CEO Council Summit.
Elon Musk agreed in 2018 to step down as Tesla's chairman for three years as part of a settlement with the Securities and Exchange Commission. Instead, he crowned himself "Technoking of Tesla".
He is repeatedly saying he doesn't want to be CEO and complaining at times about his workload. In fact, he said in January that he expected to run Tesla for several more years but that nobody should be CEO forever.
"The sheer amount of work required to be CEO of Tesla is insane," he said at the time.
Notably, he described himself as a "funny" person in the interview.
"I do crack a lot of jokes, they don't all land," he said, "I am aspirational funny. I try to have a good sense of human at the office too."
Mooers, did you ever believe any of Musk's "jokes," especially the ones he tweeted? Leave your story here!
$Tesla(TSLA.US)$
Source: Wall Street Journal

By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- Stock futures jumped early morning Tuesday after a rebound from a rollercoaster week as investors looked past the potential impact from the new omicron coronavirus variant.
- Intel's listing could value the self-driving-car unit at more than $50 billion. It is the latest move by CEO Pat Gelsinger to revive the semiconductor giant's fortunes.
Market Snapshot
Stock futures jumped early morning Tuesday after a rebound from a rollercoaster week as investors looked past the potential impact from the new omicron coronavirus variant.
Futures on the $Dow Jones Industrial Average(.DJI.US)$ rose 335 points. $S&P 500 Index(.SPX.US)$ futures rose 1.23% and $NASDAQ 100 Index(.NDX.US)$ futures were up 1.72%.
Market Temperature
Read more: Market Temperature (12/7)
Top News
Stock futures gain on Omicron optimism
U.S. stock futures, oil prices and Treasury yields rose as investors bet that the impact of Omicron would be milder than previously thought.
U.S. weighs new rules for all-cash real-estate deals
The Treasury Department's FinCEN says it wants to "protect the U.S. real estate market from exploitation by criminals and corrupt officials."
U.S. weighs new rules for all-cash real-estate deals
The Treasury Department's FinCEN says it wants to "protect the U.S. real estate market from exploitation by criminals and corrupt officials."
Balmy forecasts send natural gas prices plunging
Worries of soaring heating bills have diminished as warm weather and higher production boost supply.
Glaxo says its antibody drug works against Omicron
$GlaxoSmithKline(GSK.US)$ and $Vir Biotechnology(VIR.US)$ said their Covid-19 antibody treatment retained effectiveness against the Omicron variant in laboratory studies, even as early data suggests that similar treatments work less well against the strain.
Intel to list shares in Mobileye unit
The listing could value the self-driving-car unit at more than $50 billion. It is the latest move by CEO Pat Gelsinger to revive the semiconductor giant's fortunes. $Intel(INTC.US)$
Instagram unveils tools to keep teens safe
On the eve of a Senate subcommittee hearing, the platform shares plans for taking a "stricter approach" to content it shows users under 18. $Meta Platforms(FB.US)$
Read More
US lawyers set for record bonuses as pandemic fires dealmaking
Bull Session | Elon Musk calls CEO a "made-up title" and describes himself as a "funny" person, what do you think?
Cathie Wood-led Ark's Transparency ETF to begin trading on Wednesday
5 short squeeze candidates to track: PPSI, NUZE, RNXT, GRAB, CRTX
US regulators probe Trump's SPAC deal
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg