Cathie Wood's Strategic Move in a Tumultuous Market
Cathie Wood, a well-known investor and CEO of ARK Invest, is making headlines by purchasing tech stocks amidst a market downturn. This move comes as ARK Invest's funds, which manage $6.7 billion in assets, face challenging times after losing $2.2 billion due to poor performance. Wood's strategy involves buying shares of tech companies that have seen their prices fall, hoping for a market rebound.
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