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The ARKK Has Sunk
Vitaliy Katsenelson
Contrarian Edge June 10, 2022
(AP Photo/Rebecca Blackwell)
The better ARK performed, the more money flowed into its main ETF, ARKK. It used this money to buy more sci-fi ARKK stocks, pushing up the prices of its holdings. This created a vicious cycle that has now reversed.
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