Joy of the Trade's Jeff Zananiri and I talk a lot about what's actually moving the stock market behind the scenes. And one of the major fundamentals that's been driving the market of late are Cathie Wood's stock picks.
Jeff and I can't seem to figure out whether she's just extremely ballsy, or if she's one of the most brilliant investors ever.
She is essentially violating every rule that traders follow. Wood's stock picks aren't diversified in the slightest, and the stocks carry far too much volatility and risk. So her method of trading could either blow up in her face, or it could turn her into the next Warren Buffett. What Wood is currently doing with her ETFs could also lead to a disaster. And not just for her Ark Investment Management company, but for the entire stock market…
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