Market Commentary: 11 Charts That Show Growth Is Back

Last week, Cathie Wood of ARK Invest had perhaps one of the greatest weeks of her entire investing career. Famous for buying up growth stocks with potentially disruptive innovations, Cathie reported a week that any trader would envy.

Below we highlight eleven charts that reflect just how incredible the performance of her portfolios were, and the one overarching takeaway: growth stocks are back. They roared higher last week, and that bodes well for what’s to come over the next few months when among the riskiest of risk assets are back in vogue.

Key Points

• Eleven charts in Cathie Wood’s ARK Invest funds soared by anywhere between 15% – 32% last week.
• The enormous gains in such a short period signal that a bottom may be in for growth stocks.
• If the gains can be consolidated this week, and not given back, expect a continued run up into the December period.

Nurix Therapeutics soared 16%

Pinterest Popped 19%

Verve Therapeutics Screamed Higher by 18%

Cerus Up 15%

Personalis Rose by 21%

Quantum-Si Rose 15%

Shopify Skyrocketed by 22%

Roku Rose 30%

Palantir Popped 20%

Mynaric Soared by 32%

Butterfly Network Bolted Higher By 15%