As ARK readies itself for what could be another tumultuous day on Tuesday, with the firm's assets dropping below $20 billion to their lowest level since January, more eyes are turning to how Cathie Wood is steering her firm through the "rough seas".Â
ARK's flagship fund was down another 5% in pre-market trading on Tuesday -- falling below the psychological level of $100 per share -- and has fallen for 9 of the past 10 sessions, according to Bloomberg, who noted that the decline "accelerated on Monday in the biggest slide in about seven weeks".
At this point, the "chicken and the egg" argument between ARKK, shares of its components - notably heavily held (and potentially extremely overvalued) names like Tesla and Palantir - and the indicies where its components reside, becomes meaningful conversation and not just fodder.Â