The ARK Holdings selection refers to a family of exchange traded funds (ETFs) managed by ARK Investment Management LLC (ARK). ARK was founded in New York City in 2014 by Cathie Wood, a prominent investor known for her bullish stance on technology stocks. The firm's investment philosophy is centered around identifying disruptive technologies and investing in companies that are positioned to benefit from these trends. The ARK ETFs have gained attention from investors and analysts due to their strong performance and unique investment approach. ARK currently has eight ETFs: ARKK, ARKW, ARKG, ARKQ, ARKF, ARKX, PRNT, LZRL.
Powell and Trump took turns "rescuing" the US stock market, with the S&P experiencing a rollercoaster rebound this week. After Musk showcased the prospects, Tesla rose over 5%, but still fell for nine consecutive weeks.
Tesla has experienced the longest consecutive weekly decline. During the GTC conference, NVIDIA fell over 3%; after the Earnings Reports, Micron dropped 8%, Nike declined over 5%, and FedEx fell over 6%. Boeing rose over 3%, leading the Dow Jones. NIO fell over 4%, and PDD Holdings dropped over 3%. After the Federal Reserve meeting, the two-year U.S. Treasury yield has decreased for three consecutive days. The USD rose for the first time this month. Brent crude oil reached a new high for the month. Gold fell from its record high, once dropping over 1%, but still increased for three consecutive weeks.
Retail investors continue to increase their stakes in U.S. stocks! Tesla's buying power is at a ten-year high, with retail investors net buying for 13 consecutive trading days.
JPMorgan's retail trading data shows that as of the week ending March 19, individual investors injected over 12 billion dollars into the US stock market, a buying intensity significantly higher than the average level for retail investors over the past 12 months. Since retail investors are usually the last to reduce their positions, this recent wave of buying by retail investors may indicate that the stock market has not yet reached the bottom. The situation of retail entry is particularly evident in Tesla, where, as of Thursday, retail investors have net bought Tesla stocks for 13 consecutive trading days, with a total investment of 8 billion dollars, setting a new record for the past decade, but during the same period, Tesla's stock price dropped by 17%, resulting in a market cap evaporation of over 155 billion dollars.
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