Ark Invest Innovation ETF ($ARKK) investors have lost more than $11 billion since inception
$ARKK investors lost more than FTX customers after its collapse - Source: Bloomberg, Michel Arouet
China stocks trade at cheapest to Hong-Kong peers in almost a Year
Source: Bloomberg, C.Barraud
The pace of earnings downgrades has accelerated in the US
The pace of earnings downgrades has accelerated in the US, especially compared to Europe, as a Citigroup Inc. gauge of US earnings changes has had 23 consecutive negative prints, the longest losing streak since early 2020 - Bloomberg
Rising correlations
Rolling 120d correlation between U.S. dollar (blue) and 10y Treasury yield (orange) has risen to highest since August 2020. Source: Bloomberg, Liz Ann Sonders
The stock market is bifurcating
This chart shows the 11 S&P 500 sectors indexed from the pre-COVID index peak in February 2020. The spread between winners and losers is getting increasingly large. Source: Fidelity
China Developers Soar as State Help Fuels Bets on Market Bottom
Source: - Bloomberg
Tesla stocks keep falling due to Twittermess
Tesla is now worth <$600bn Source: Bloomberg
ETF flows: Investors have shifted back towards risk
45%% of ETF inflows concentrated in equity funds over past month; only 7% of flows have been into U.S. government bond funds. Arbor Research
