There's a lot of movement on the thematic table, but what I want to point your attention to is how the Ark Innovation ETF $ARKK has flipped from red to green, similar to the other Ark funds on this list.
Earlier in the week we pointed out how Small Cap Growth $IWO looks poised to outperform; ARKK and IWO basically look the exact same.
So if small caps do take off in a meaningful way, ARKK is well positioned for upside. And as far as the trend is concerned right now, it's clearly trending higher, with a clean series of higher highs and higher lows.
I don't think it's out of the picture now that valuations across the Ark ecosystem have stabilized to more rational levels to see the fund begin working higher back towards its former all time highs.
Artificial intelligence and nuclear are driving conversations in the financial world right now, and its this group of speculative stocks that are well positioned to capture that upside.
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