The ARK ETFs concept includes several ETFs across different strategies managed by ARK Invest. ARK Invest is an investment firm founded by Cathie Wood.
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US stock market outlook | The three major futures indexes rose slightly, with Chinese concept stocks generally rising; as tesla soared, "Wood Sister" took the opportunity to sell $22 million worth of shares.
Taiwan Semiconductor rose more than 1% pre-market, and prices for sub-5nm next year may increase again; Spirit Airlines surged nearly 13% pre-market, planning to sell planes and lay off employees to reduce costs; Apple's smart phone market share in China returned to the top 5! The iPhone 16 is expected to kick off a new upgrade cycle.
US stocks are too concentrated! Below the 50% red line, asset management institutions can only sell technology stocks.
This year, the U.S. stock market is unprecedentedly concentrated, with nvidia, apple, and other technology stocks contributing to about half of the index's increase. Funds such as Fidelity and Pimco were forced to sell technology stocks in order to comply with regulatory requirements to keep the investment proportion of heavy-weighted stocks in the portfolio below 50%.