Stephen Manning
Founder of Cash Flow University, Options Education, Public Setup/Risk/Exit Reviews
ARK Innovation ETF is unlikely to ever regain its Covid highs relative to the Nasdaq 100. It just hit a fresh 52-week low against the Nasdaq 100 and is nearing an all-time relative low, while carrying one of the highest ETF expense ratios. Cathie Wood day-trades names in the fund and has badly underperformed the index for years while collecting hundreds of millions in fees. x.comÂ
ARK Innovation ETF has investors paying to lose money: as @jbulltard1 notes, it lost ground even while innovative growth stocks rallied nonstop. A team of roughly 50 people still underperforms the S&P 500, and a random person on the street is probably a better stock picker than analysts relying on Monte Carlo simulations. @jbulltard1 also points out that its chief futurist, Brett Winton, sold Nvidia at around $18 and remains in the role. x.com x.com x.comÂ
Innovation stocks no longer move inversely to Treasury yields, and that is the bull case. After the 2022 inflation shock, yields and these stocks have climbed together because yields are being pushed up by stronger real growth, AI capex, fiscal supply and fading recession fears, the same forces that lift disruptors' expected cash flows. The risk is a shift to deficits plus slowing growth, which would bring the old inverse correlation back immediately. x.com x.comÂ
ARK Innovation is the biggest scam in finance, collecting management fees whether or not its bets work. Per @NoLimitGains, the fund is down 45% on its Cerebras position in one month and has lost over $40 million on SpaceX. x.comÂ
ARK Genomic Revolution ETF holds several of 2026's top-performing stocks as its biggest positions. The signal to take profits will be when CNBC features Cathie Wood on TV, likely within one to two months, since CNBC tends to ring the bell at the top. x.comÂ
ARK Innovation ETF's bull case is drawing whale support, with $4M of bullish options flow rolling July $75 calls up and out to September $82 calls. Bulls got confirmation from a monthly tweezer off support, though hedgers remain active and the low now sits 14% away, so this is not a spot to chase. x.com x.comÂ
Coinbase and Circle look set to move higher: Cathie Wood bought $8 million of Coinbase and $1.4 million of Circle shares while both stocks showed confirmed bullish divergence. x.comÂ