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Ark Slammed Again as Riskiest Tech Bets Blow Past Lifelines

  • Selloff continues even as real rates hit lowest since February
  • Inflation signs from commodities spook investors, Miskin says
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WATCH: Cathie Wood’s ARK Innovation ETF (ARKK) has suffered its longest slide in nearly two and a half years.Source: Bloomberg
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The highest-flying tech names are getting no help from one of the sector’s usual lifelines amid a fierce selloff that’s showing few signs of slowing.

Plunging U.S. real yields -- which strip out the effects of inflation -- failed to stem a 2.9% fall in Cathie Wood’s ARK Innovation exchange-traded fund (ARKK) Thursday, now in the midst of its worst stretch since 2018. Drops in the likes of Twilio Inc., Zoom Video Communications Inc. and Roku Inc. dragged down the ETF, even as the mega-cap Nasdaq 100 rallied for the first time this week.