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Benzinga

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Wayne Duggan

Cathie Wood Says Credit Default Swap Market Is Extremely Bearish As ARKK Fund Drops Another 8%

Cathie Wood ARKK NYSE Elon Musk Jamie Dimon ETF

Shares of the ARK Innovation ETF (NYSE:ARKK) dropped 8% Monday and are now down 68.6% over the past 12 months. ARKK fund manager Cathie Wood said Monday morning that the credit default market seems to confirm that the market outlook has significantly worsened.

What Happened? On Twitter, Wood said the credit default market seems to be confirming recent warnings from Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk and JPMorgan Chase & Co (NYSE:JPM) CEO Jamie Dimon that the economy could be in trouble.

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Two Central North Carolina Adults Died of West Nile Virus as Mosquito Season Stretches Into Mid-October

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Live: Loud explosions heard in Saudi capital Riyadh following attack on Aramco building

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One subscription that gives you access to news from hundreds of sites

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