It Isn’t Conviction – It’s Desperation
The article spells it out quite accurately. She is nothing more than an ultra momentum player and was correct and made a lot of money for the 12-13 years of the bull market by paying up for all the hottest momentum stocks. She has been wrong this year and unless the FED is forced to pivot before the year is over (which is unlikely) she will get wiped out when the market makes new lows and most of the investors finally throw in the towel and sell her ETF’s forcing her to liquidate her holdings as they go on to make lower lows. She has no choice but to continue doing what made her famous, chasing momentum, because she isn’t a stock picker nor a market timer. Again, you have to give her credit for the fantastic upside run, but she didn’t know when to leave the table or at least change into a value investor for the length of the bear market to protect her investors gains. https://www.zerohedge.com/markets/cathie-wood-goes-wild-dip-buying-amid-stock-market-rout