Same ARKK Shit, Different Year

After an ugly 2021, ARKK starts 2022 down -9%, underperforming the NASDAQ by -5.5% and its largest weighting, Tesla, by -11.8%, after just two trading sessions.

After finishing up 2021 underperforming her benchmark (the NASDAQ) by more than 40%, then alluding to the idea of potentially returning 40% per annum for the next five years, Cathie Wood’s ARK Fund has had an equally odious start to 2022 over the first two trading days of the year.

Wood’s flagship has already fallen -9% in just two sessions since assura…