Posted by dompeilee > 2022-06-12 19:19 | Report Abuse

Consolation for those mere mortals who are discouraged by our performance in 2022: "ARKK Has Given Up Almost All Its Pandemic Gains. Should You Sell?"The latest round of inflation figures, which unexpectedly reached a 40-year high, could prove to be the biggest test yet for those who bet on Wood, the Ark Investment Management founder who has long argued that deflation is the bigger risk than accelerating price growth.


Once the darlings of institutional and retail traders alike, Ark’s ETFs — especially its $8.5 billion flagship, ARKK — are suffering as the Federal Reserve raises interest rates, inflation remains elevated and the broader technology sector plunges from sky-high valuations.

ARKK has fallen more than 50% in 2022 alone. On Friday it dropped as much as 7.5% on the latest inflation figures. What’s more, every fund in Wood’s lineup — which track tech themes like robotics and fintech — has tumbled more than 20% this year, and the smaller offerings haven’t benefited from inflows. The decline has wiped out nearly half of Ark’s assets under management, which now stands at just $15.6 billion.

Many of Wood’s followers jumped in at the start of pandemic in 2020, when government stimulus measures, rock bottom interest rates and optimism around tech’s increased role in work and life pushed up prices for Ark’s funds at a dizzying pace.

It turned Wood into a stockpicking superstar, leaving a cadre of loyal investors who’ve held on, hoping for a turnaround if inflation eases. Others might be wondering whether the latest consumer price index data means it’s time to give up and invest the money elsewhere.

Posted by johnny cash > 2022-06-12 20:20 | Report Abuse

GET READY TOMORROW BLOOD BE SPAREDBATH AT BURSA NOTHING WILL

Posted by VincentTang > 2022-06-12 22:45 | Report Abuse

PETRONM will crash tomorrow. Get ready.

Posted by hengpetron > 2022-06-12 23:04 | Report Abuse

PETRONM will limitup tomorrow. Get ready

Posted by 888STOCK888 > 2022-06-13 08:07 | Report Abuse

Short term sell off due to FED might raise its cash rate by 0.75.... foreign funds will sell

https://www.reuters.com/markets/us/fed-seen-raising-us-interest-rates-...

Sell off will happen in the short term, then local FMs will pick it up and goreng again.

Posted by VincentTang > 2022-06-13 09:17 | Report Abuse

Petronm start down trend from peak

Posted by Jerichomy > 2022-06-13 09:21 |

Post removed.Why?

Posted by 888STOCK888 > 2022-06-13 09:43 | Report Abuse

Support lai liao

Posted by RWG > 2022-06-13 10:09 | Report Abuse

who chase 7.70 die horriblely

Posted by Jerichomy > 2022-06-13 10:19 | Report Abuse

Support lai is time to sell

Posted by Jerichomy > 2022-06-13 10:21 |

Post removed.Why?

Posted by VincentTang > 2022-06-13 10:27 | Report Abuse

Petronm start down trend from peak

Posted by RWG > 2022-06-13 10:39 | Report Abuse

nothing to worry , petronm blaze will power up petronm

Posted by Jerichomy > 2022-06-13 10:48 | Report Abuse

Support dah over..enjoy ya…turun balik

Posted by sheldon > 2022-06-13 10:52 | Report Abuse

It's confirmed that I'm no longer on the Forbes' list

Posted by nicholas99 > 2022-06-13 11:02 | Report Abuse

already told. double top.

Posted by Jerichomy > 2022-06-13 11:19 |

Post removed.Why?

Posted by subwayzzz > 2022-06-13 11:27 | Report Abuse

profit hangus into half

Posted by mf > 2022-06-13 11:28 | Report Abuse

warning

Posted by subwayzzz > 2022-06-13 11:43 | Report Abuse

luckily dividend is a support

Posted by VincentTang > 2022-06-13 11:57 | Report Abuse

Petronm start down trend from peak

Posted by MoneyMakers > 2022-06-13 12:21 | Report Abuse

Not surprised by drop..too overvalued @ over-goreng when QR so-so only

Still need catch-down 2 Hengyuan price..expect more bloodbath

Posted by Karma4444 > 2022-06-13 12:23 | Report Abuse

Die horrorable 9696

Posted by Jerichomy > 2022-06-13 13:50 | Report Abuse

Everybody Dah makan lunch and come bek to see petronm..have a good or bad lunch kikiki

Posted by VincentTang > 2022-06-13 14:17 | Report Abuse

Check Dow and Nasdaq future now, this market really want big collapse already.

Posted by 888STOCK888 > 2022-06-13 14:28 | Report Abuse

DOW FUT - 468.....BBQ LIAO





sapuuuuuu

Posted by VincentTang > 2022-06-13 14:34 | Report Abuse

PetronM margin call coming

Posted by subwayzzz > 2022-06-13 14:47 | Report Abuse

OMFG RM6.37 ??????

Posted by 888STOCK888 > 2022-06-13 14:49 | Report Abuse

IT'S OK..... UNCLE COME AND SUPPORT~

Posted by supersinginvestor > 2022-06-13 14:50 | Report Abuse

Total and utter annihilation

Posted by VincentTang > 2022-06-13 15:04 | Report Abuse

choose cash

Posted by subwayzzz > 2022-06-13 15:12 | Report Abuse

should have sold last week. haiyaaaaa

Posted by Jerichomy > 2022-06-13 15:12 |

Post removed.Why?

Posted by Jerichomy > 2022-06-13 15:21 | Report Abuse

Looks like crack spread 2.0 dah ended

Posted by Jerichomy > 2022-06-13 15:56 |

Post removed.Why?

Posted by Jerichomy > 2022-06-13 16:10 |

Post removed.Why?

Posted by kamcheonghui > 2022-06-13 16:19 | Report Abuse

Uncle Koon where are you? Pls give comments to buy or hold.

Posted by MoneyMakers > 2022-06-13 16:29 |

Post removed.Why?

Posted by mf > 2022-06-13 16:32 | Report Abuse

Dow Jones Fut (Sep′22)
@DJ.1:Chicago Board of Trade
EXPORTdownload chart

WATCHLIST
+
LIVEWatch live logo
STREET SIGNS
*Data is delayed | USD
Last | 4:21 AM EDT
30,735.00
quote price arrow down-624.00 (-1.99%)

Posted by 888STOCK888 > 2022-06-13 16:33 | Report Abuse

DOW FUT - 631 or 2.01%.....BBQ LIAO

Posted by NorAfan > 2022-06-13 18:09 | Report Abuse

Rest assured. Refinery crack spread price is still more than $25

Posted by Jerichomy > 2022-06-13 18:09 | Report Abuse

Don’t worry petron safer than HY

Posted by Jerichomy > 2022-06-13 18:14 | Report Abuse

emsvsi
Dear Koon Yew Yin and Ooi Teik Bee

If the temporary high crack spread cannot hold the share price, I shudder to think when the crack spread actually crashes, as it always does and history repeats itself. Hope you are humble enough to admit your mistakes and not let your followers and subscribers lose their hard earned savings.

Sincerely,
emsvsi
1 hour ago

Posted by Jerichomy > 2022-06-13 18:19 |

Post removed.Why?

Posted by RWG > 2022-06-13 18:39 | Report Abuse

msia forever 1400-1500,

Posted by dompeilee > 2022-06-13 19:17 | Report Abuse

Why is thread so quiet now? I'm down to my last 0.3 lots of petronm

Posted by investor2021trading > 2022-06-13 21:11 | Report Abuse

market really bad might prolonged! i oredi cashed out most of it last Thursday!

Posted by TraderAlways > 2022-06-13 23:02 | Report Abuse

Chart already resemble topglove double top last time. Should breakdown tomorrow

Posted by kl_guy > 2022-06-14 07:35 | Report Abuse

If you believe in great earning coming Aug Report , buy when petronm stop dropping and wait till report out . If you bare total loss buy into call warrant that expire after August. Great earning you win alot , lousy earning you loss kaw kaw.

Posted by limkokthye > 2022-06-14 07:59 | Report Abuse

Fed wont raise rate on friday.dont worry