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2021-05-12

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Is inflation coming? "Sister Wood" sings about the bull market of bulk commodities

香港万得通讯社报道，随着科技股遭到持续抛售，凯茜·伍德（Cathie Wood）的旗舰基金方舟创新（ARKInnovation）本周触及年内最低点。具体来看，ARKInnovationETF在5月11

Is inflation coming? "Sister Wood" sings about the bull market of bulk commodities

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Ylychg
·2021-05-12
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{"i18n":{"language":"en_US"},"data":{"magic":2,"id":193840692,"tweetId":"193840692","gmtCreate":1620781213216,"gmtModify":1704348242422,"author":{"id":3568885585448254,"idStr":"3568885585448254","authorId":3568885585448254,"authorIdStr":"3568885585448254","name":"Yuyi","avatar":"https://static.tigerbbs.com/2c6eeb186816d2dcbffddfa79e1b8f21","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":12,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>?</p></body></html>","htmlText":"<html><head></head><body><p>?</p></body></html>","text":"?","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/193840692","repostId":1194924987,"repostType":4,"repost":{"id":"1194924987","kind":"news","pubTimestamp":1620779854,"share":"https://ttm.financial/m/news/1194924987?lang=en_US&edition=fundamental","pubTime":"2021-05-12 08:37","market":"hk","language":"zh","title":"Is inflation coming? \"Sister Wood\" sings about the bull market of bulk commodities","url":"https://stock-news.laohu8.com/highlight/detail?id=1194924987","media":"Wind资讯","summary":"香港万得通讯社报道，随着科技股遭到持续抛售，凯茜·伍德（Cathie Wood）的旗舰基金方舟创新（ARKInnovation）本周触及年内最低点。具体来看，ARKInnovationETF在5月11","content":"<p>Cathie Wood's flagship fund ARKInnovation hit its lowest point this week as technology stocks continued to sell off, Hong Kong's Wind News Agency reported. Specifically, the ARK Innovation ETF once hit a new low since November 2020 on May 11, and then rebounded and rose.<img src=\"https://static.tigerbbs.com/5299ddbfbe93c94f6b77523cd34facd0\" tg-width=\"796\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p><p>This investment is \"disruptive<a href=\"https://laohu8.com/S/C76.SI\">Innovation and Technology</a>\"The fund is regarded by many as a barometer of growth stocks, and the ETF's highs since February 16 have reached a pullback/retracement of more than 30%. Wood's core ETF is now down more than 12% this month and more than 14% so far this year.</p><p>\"Sister Wood\" sings about the bull market of bulk commodities</p><p>Since the start of the year, inflation concerns have heavily plagued growth stocks and fueled gains in value stocks, which tend to benefit from higher commodity prices and higher interest rates. The Russell 1000 Value Index grew 16.4% for the year, while the Russell 1000 Growth Index grew 3.97% over the same period.</p><p>\"The battle for markets today is worse than we've seen in any other cycle,\" Wood said, expecting \"we'll see a very serious correction in commodity prices\" once the global economy fully opens up.</p><p>Wood believes that deflation, rather than inflation, will be the dominant theme in global markets in the coming years, thanks to technological innovation. She said that the yield on the benchmark 10-year U.S. Treasury Bond is likely to remain between 1.5% and 3%, while oil prices are unlikely to break through $70 a barrel.</p><p>Wood said high-growth stocks remained attractive despite the \"strong\" momentum of investors turning to value stocks. \"Many people think that what has happened in the past three months amounts to a bubble bursting in the tech and telecoms industries. We don't think that's true at all.\" She also remains bullish<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Such growth stocks, despite their recent declines, will continue to outperform over the next 5 years.</p><p>\"Queen of the Bull Market\" Core ETF falls below 200-day EMA</p><p>Along with the widespread sell-off in growth stocks, ARKInnovation also dropped below its 200-day moving average, a key technical level traders focus on, essentially the average of the past 200 closing prices.</p><p>\"The problem with ARK and other speculative growth ETFs is that the short-term rally has subsided sharply over three months,\" Frank Cappelleri, executive director of Instinet, told CNBC. \"\" There is more to be done for this ETF to convince traders that it is not just a few days of rally. \"</p><p>\"In other words, just getting back above the 200-day moving average without an upside doesn't mean much. That's still the biggest concern,\" Capelli added.</p><p>Even after the sharp drop in the past few months, the actual losses are not obvious from the long-term performance of Cathy Wood's funds. However, considering the recent influx of investors, her actual wealth creation record is not impressive. Analysts at Bespoke Investment Group calculated that her fund's currency-weighted annualized return since inception was 5.24% as of Monday, which is well below the steady exposure to the average S&P 500 index fund.</p><p>Whereas ARK Invest's paper earnings depend on some troubling concentration of positions. There are both large companies with strong liquidity like Tesla and small companies like Intellia Therapeutics. Intellia Therapeutics had only $58 million in sales last year. These companies could be hit hard if ARK starts to dump a lot of shares as investors withdraw their cash.</p><p>The ARK fund held 16.52% of Intellia at the end of 2020, more than any other institution, according to the Wall Street Journal. From the beginning of 2020 to its peak in January this year, Intellia rose 470%, but has since fallen back 27%, giving it a current market cap of about $4.3 billion.</p>","source":"wind","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is inflation coming? \"Sister Wood\" sings about the bull market of bulk commodities</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs inflation coming? \"Sister Wood\" sings about the bull market of bulk commodities\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Wind资讯</strong><span class=\"h-time small\">2021-05-12 08:37</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Cathie Wood's flagship fund ARKInnovation hit its lowest point this week as technology stocks continued to sell off, Hong Kong's Wind News Agency reported. Specifically, the ARK Innovation ETF once hit a new low since November 2020 on May 11, and then rebounded and rose.<img src=\"https://static.tigerbbs.com/5299ddbfbe93c94f6b77523cd34facd0\" tg-width=\"796\" tg-height=\"371\" referrerpolicy=\"no-referrer\"></p><p>This investment is \"disruptive<a href=\"https://laohu8.com/S/C76.SI\">Innovation and Technology</a>\"The fund is regarded by many as a barometer of growth stocks, and the ETF's highs since February 16 have reached a pullback/retracement of more than 30%. Wood's core ETF is now down more than 12% this month and more than 14% so far this year.</p><p>\"Sister Wood\" sings about the bull market of bulk commodities</p><p>Since the start of the year, inflation concerns have heavily plagued growth stocks and fueled gains in value stocks, which tend to benefit from higher commodity prices and higher interest rates. The Russell 1000 Value Index grew 16.4% for the year, while the Russell 1000 Growth Index grew 3.97% over the same period.</p><p>\"The battle for markets today is worse than we've seen in any other cycle,\" Wood said, expecting \"we'll see a very serious correction in commodity prices\" once the global economy fully opens up.</p><p>Wood believes that deflation, rather than inflation, will be the dominant theme in global markets in the coming years, thanks to technological innovation. She said that the yield on the benchmark 10-year U.S. Treasury Bond is likely to remain between 1.5% and 3%, while oil prices are unlikely to break through $70 a barrel.</p><p>Wood said high-growth stocks remained attractive despite the \"strong\" momentum of investors turning to value stocks. \"Many people think that what has happened in the past three months amounts to a bubble bursting in the tech and telecoms industries. We don't think that's true at all.\" She also remains bullish<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Such growth stocks, despite their recent declines, will continue to outperform over the next 5 years.</p><p>\"Queen of the Bull Market\" Core ETF falls below 200-day EMA</p><p>Along with the widespread sell-off in growth stocks, ARKInnovation also dropped below its 200-day moving average, a key technical level traders focus on, essentially the average of the past 200 closing prices.</p><p>\"The problem with ARK and other speculative growth ETFs is that the short-term rally has subsided sharply over three months,\" Frank Cappelleri, executive director of Instinet, told CNBC. \"\" There is more to be done for this ETF to convince traders that it is not just a few days of rally. \"</p><p>\"In other words, just getting back above the 200-day moving average without an upside doesn't mean much. That's still the biggest concern,\" Capelli added.</p><p>Even after the sharp drop in the past few months, the actual losses are not obvious from the long-term performance of Cathy Wood's funds. However, considering the recent influx of investors, her actual wealth creation record is not impressive. Analysts at Bespoke Investment Group calculated that her fund's currency-weighted annualized return since inception was 5.24% as of Monday, which is well below the steady exposure to the average S&P 500 index fund.</p><p>Whereas ARK Invest's paper earnings depend on some troubling concentration of positions. There are both large companies with strong liquidity like Tesla and small companies like Intellia Therapeutics. Intellia Therapeutics had only $58 million in sales last year. These companies could be hit hard if ARK starts to dump a lot of shares as investors withdraw their cash.</p><p>The ARK fund held 16.52% of Intellia at the end of 2020, more than any other institution, according to the Wall Street Journal. From the beginning of 2020 to its peak in January this year, Intellia rose 470%, but has since fallen back 27%, giving it a current market cap of about $4.3 billion.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://t.wind.com.cn/mobwftweb/M/news.html?share=wechat&show=wft&code=C4DEB2B6B2AE&newsopenstyle=(null)&lan=cn&device=ios&related=true&version=21.3.6#/528252905\">Wind资讯</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e28e5eb027a16c9491e19609d574c67e","relate_stocks":{"161715":"大宗商品","000979.SH":"大宗商品"},"source_url":"https://t.wind.com.cn/mobwftweb/M/news.html?share=wechat&show=wft&code=C4DEB2B6B2AE&newsopenstyle=(null)&lan=cn&device=ios&related=true&version=21.3.6#/528252905","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194924987","content_text":"香港万得通讯社报道，随着科技股遭到持续抛售，凯茜·伍德（Cathie Wood）的旗舰基金方舟创新（ARKInnovation）本周触及年内最低点。具体来看，ARKInnovationETF在5月11日一度触及2020年11月以来的新低，随后反弹上涨。\n这只投资“颠覆性创新科技”的基金被许多人当作是成长股的晴雨表，而该ETF自2月16日以来的高点已回撤逾30%。伍德的核心ETF现在本月下跌超过12%，今年迄今为止下跌超过14%。\n“木头姐”唱空大宗商品牛市\n自今年年初以来，对通货膨胀的担忧严重困扰着成长型股票，并助长了价值型股票的涨幅，而价值型股票往往受益于商品价格上涨和利率上升。罗素1000价值指数全年增长16.4%，而罗素1000成长指数同期增长3.97%。\n伍德说：“今天的市场争夺战比我们在任何其他周期中看到的都要严重。”她预计，一旦全球经济全面开放，“我们将看到商品价格进行非常严重的调整”。\n伍德认为，由于技术创新，通货紧缩而非通货膨胀将是未来几年全球市场的主导主题。她说，基准10年期美国国债的收益率很可能将维持在1.5%至3%之间，而油价不太可能突破每桶70美元。\n伍德称，尽管投资者转向价值股的势头“强劲”，但高成长类股仍具吸引力。“许多人认为，过去3个月发生的事情相当于科技和电信行业的泡沫破裂。我们一点也不认为这是事实。”她也仍然看好特斯拉这样的成长型股票，尽管它们最近有所下跌，但在未来5年将继续表现出色。\n“牛市女皇”核心ETF跌破200日均线\n伴随着成长股的普遍抛售，ARKInnovation也跌破200日移动均线，这是交易者关注的关键技术水平，本质上是过去200个收盘价的平均水平。\nInstinet执行董事弗兰克•卡佩里(Frank Cappelleri)向CNBC表示：“ARK和其他投机性成长型ETF的问题在于，3个月来短期反弹已大幅消退。”“这只ETF要想让交易员相信并非仅仅是反弹几天，还需要做更多的事情。”\n“换句话说，在没有上行的情况下，仅仅回到200日移动均线上方并不意味着什么。这仍然是最大的担忧，”卡佩里补充说。\n即使在过去几个月大跌之后，从凯茜·伍德旗下基金的长期表现来看，实际损失也并不明显。然而，考虑到近期有大批投资者涌入，以至于她的实际财富创造记录并不令人印象深刻。BespokeInvestmentGroup的分析师计算，截至周一，她的基金自成立以来的货币加权年化回报率为5.24%，这远低于对普通标准普尔500指数基金的稳定投资。\n而ARK Invest的账面收益依赖于一些令人不安的集中头寸。既有特斯拉这样流动性强的大公司，也有Intellia Therapeutics这样的小公司。Intellia Therapeutics去年的销售额只有5800万美元。如果随着投资者现金的撤离，ARK开始抛售大量股票，这些公司可能会受到严重打击。\n据《华尔街日报》报道，到2020年底，ARK基金持有Intellia 16.52%的股份，比其他任何机构都要多。从2020年初到今年1月的最高点，Intellia上涨了470%，但此后回落了27%，使其目前的市值约为43亿美元。","news_type":1,"symbols_score_info":{"161715":0.9,"000979.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":3969,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":4297990,"commentId":"4297990","gmtCreate":1620781411162,"gmtModify":1680788225610,"authorId":3579527905061704,"author":{"id":3579527905061704,"idStr":"3579527905061704","authorId":3579527905061704,"name":"Ylychg","avatar":"https://static.tigerbbs.com/44bba94c2f5b09cfa3b014163f59f3ba","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":193840692,"objectIdStr":"193840692","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"哈","text":"哈","html":"哈","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0,"disclaimerType":0}],"hasMoreComment":true,"orderType":2}