The ARK Innovation ETF (ARKK) is way under-performing the S&P 500 Index. There are some articles posted this week about Michael Burry shorting the ARKK ETF, and Cathie Woods defending the ETF and her strategy. Apparently this is a cult ETF, with Cathie it's leader.
We'll spare you the noise in this post and look at the price action. The ETF is trading way under both the Nasdaq 100 ETF (QQQ), and The S&P 500 Index ETF (SPY)..
The ARKK vs. SPY 50 day relative strength moving average is trading 9.1% below the 200 day relative strength moving average. as shown by the stock chart below:
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| ARKK Innovation ETF (ARKK) |
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