Magical Trade
Thursday, August 11, 2022
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Magical Trade
No Result
View All Result
Home Trade News

Jim Cramer literally drowns Cathie Wood’s ARK as flagship fund falters

by
January 28, 2022
in Trade News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Jim Cramer has never been shy to use buzzers and bells to make the occasionally esoteric world of finance more interesting.

But the host of CNBC’s Mad Money got even the Twitterverse to take notice at this latest stunt.

RELATED POSTS

Mocked by Everyone, Stock Rally Sits at Cusp of a Chart Landmark

Sanofi and GSK Lead $40 Billion Rout as Zantac Worries Mount

The ARK Innovation ETF ARKK, +3.29% has been falling precipitously. The flagship fund of star stock picker Cathie Wood has dropped 58% from its peak last February, including 30% in 2022 alone, as her high-growth bets shrivel up in the face of worries about Federal Reserve tightening that could begin as early as March. There’s an ETF, though, that aims to produce the opposite of what the ARK Innovation ETF does, called the Tuttle Capital Short Innovation ETF, with the ticker SARK SARK, -2.96%, and it’s up 38% this year and 61% from November. Read MarketWatch interview with the founder of the fund.

So it’s almost inevitable what Cramer does next.

If that video isn’t rendering, it’s Cramer pouring a bottle of Cutty Sark whisky over a Noah’s Ark, complete with little animal cutouts with the ticker symbols of the fund’s holdings, like Robinhood Markets HOOD, +7.15% and Teladoc Health TDOC, +4.21%. “Now you know how to bet, if you think [Fed Chairman] Jay Powell wants to destroy the economy. You pour the sark over the ark and bet that they all drown and no one gets out alive,” said Cramer. Watch the full segment here.

Close observers noted that, actually, Cramer in February called Wood a genius.

The more nuanced discussion is whether Powell would stop his inflation-fighting hikes if the economy were to slump, and how high-growth stocks would fare. With the flattening of the yield curve — the gap between the 10-year TMUBMUSD10Y, 1.789% and the 2-year TMUBMUSD02Y, 1.180% yields is the lowest in more than a year — the bond market is making precisely that bet. Whether the Fed ending the rate-hike cycle early would then power tech stocks higher is anyone’s guess, but it’s food for thought for someone who thinks Cramer might be missing the proverbial boat.

ShareTweetPin

Related Posts

Mocked by Everyone, Stock Rally Sits at Cusp of a Chart Landmark

by
August 11, 2022
0

',panelEmptyTemplate=' {emptyPanelMsg} ',panelErrorTemplate=' {errorMsg} ',panelParentTemplate='',notifOnboardPromoTemplate='',EXPANDED_PANEL="expanded_panel",ERROR_PANEL="error_panel",NotificationView=function(){function e(n,t){classCallCheck(this,e);var i=this;i._config=n,i._panelNode=null,i._store=t}return createClass(e,[{key:"_generatePanelMarkup",value:function(e,n){var t=this._config,i=void 0,o=void 0;"undefined"!=typeof window&&(i=window.Notification&&"default"===window.Notification.permission,o=t.promos.bypassEligibleClassCheck||hasClass(document.body,t.promos.eligibleBodyClass));var r=t.promos.enableNotifOnboard&&i&&o?notifOnboardPromoTemplate:"";if(r){var s=t.promos.showYahooLogo?"":"yns-no-logo";r=r.replace("{notifOnboardBtnLabel}",t.promos.notifOnboardBtnLabel).replace("{notifOnboardMsg}",t.promos.notifOnboardMsg).replace("{subscriptionTopic}",t.promos.subscriptionTopic).replace("{noLogoClass}",s).replace("{promoLogo}",t.promos.promoLogo)}var a=n.newCount>t.panel.maxCount?n.newCount:"",c=t.panel.notificationCenterPath,l=c?"":constants.panelHideElement,d=t.panel.headerMsg?"":" "+constants.panelHideElement,u=c?constants.panelPaddingBtm:"",p=void 0;n.count?p=n.markup:p=panelEmptyTemplate.replace("{emptyPanelMsg}",t.panel.emptyPanelMsg);return e=e.replace("{notifMarkup}",p).replace("{promoMarkup}",r).replace("{hideClass}",l).replace("{notifCenterLink}",c).replace("{paddingClass}",u).replace("{headerMsg}",t.panel.headerMsg).replace("{hideHeaderClass}",d).replace(/{notificationCenterNavMsg}/g,t.panel.notificationCenterNavMsg).replace(/{newCount}/g,a)}},{key:"render",value:function(e,n){var t=this;if(t._panelNode){var i=void...

Sanofi and GSK Lead $40 Billion Rout as Zantac Worries Mount

by
August 11, 2022
0

',panelEmptyTemplate=' {emptyPanelMsg} ',panelErrorTemplate=' {errorMsg} ',panelParentTemplate='',notifOnboardPromoTemplate='',EXPANDED_PANEL="expanded_panel",ERROR_PANEL="error_panel",NotificationView=function(){function e(n,t){classCallCheck(this,e);var i=this;i._config=n,i._panelNode=null,i._store=t}return createClass(e,[{key:"_generatePanelMarkup",value:function(e,n){var t=this._config,i=void 0,o=void 0;"undefined"!=typeof window&&(i=window.Notification&&"default"===window.Notification.permission,o=t.promos.bypassEligibleClassCheck||hasClass(document.body,t.promos.eligibleBodyClass));var r=t.promos.enableNotifOnboard&&i&&o?notifOnboardPromoTemplate:"";if(r){var s=t.promos.showYahooLogo?"":"yns-no-logo";r=r.replace("{notifOnboardBtnLabel}",t.promos.notifOnboardBtnLabel).replace("{notifOnboardMsg}",t.promos.notifOnboardMsg).replace("{subscriptionTopic}",t.promos.subscriptionTopic).replace("{noLogoClass}",s).replace("{promoLogo}",t.promos.promoLogo)}var a=n.newCount>t.panel.maxCount?n.newCount:"",c=t.panel.notificationCenterPath,l=c?"":constants.panelHideElement,d=t.panel.headerMsg?"":" "+constants.panelHideElement,u=c?constants.panelPaddingBtm:"",p=void 0;n.count?p=n.markup:p=panelEmptyTemplate.replace("{emptyPanelMsg}",t.panel.emptyPanelMsg);return e=e.replace("{notifMarkup}",p).replace("{promoMarkup}",r).replace("{hideClass}",l).replace("{notifCenterLink}",c).replace("{paddingClass}",u).replace("{headerMsg}",t.panel.headerMsg).replace("{hideHeaderClass}",d).replace(/{notificationCenterNavMsg}/g,t.panel.notificationCenterNavMsg).replace(/{newCount}/g,a)}},{key:"render",value:function(e,n){var t=this;if(t._panelNode){var i=void...

Switch from gas boosts oil demand, but economic headwinds loom — IEA

by
August 11, 2022
0

Speaking to CNBC on Monday, the executive director of the International Energy Agency spoke about the intricacies of the energy...

Thai central bank governor says there’s no need to ‘undertake heroically large rate hikes’

by
August 11, 2022
0

The Bank of Thailand's move to hike interest rates by 25 basis point to 0.75% was a "gradual and measured...

This CEO developed what’s been dubbed Asia’s Tesla of scooters. Here are his top tips

by
August 11, 2022
0

Horace Luke isn't a fan of the word "no." "If I ask the first time I can do something...

Next Post

Bridgewater Sees 'Much Bigger' Drop in Stocks Before Fed Blinks

S&P 500 rises Friday led by Apple, but still heads for fourth-straight down week

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Fund manager believes FAANG is dead — says now it’s all about MANTA

    0 shares
    Share 0 Tweet 0
  • Bank of America names its top global tech stocks — including one it says has upside of 100%

    0 shares
    Share 0 Tweet 0
  • ‘Conviction sell’: UBS says avoid these global stocks amid rising headwinds

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs "Will Higher Rates Put Out the Housing Fire?"

    0 shares
    Share 0 Tweet 0
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.magicaltrade.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.magicaltrade.net