Market Factors: Another star fund manager, another painful lesson

Today, we delve into how the ARK Innovation ETF retells an old cautionary tale of what happens when investors chase performance. Plus, a look at why U.S. employment numbers might finally live up to the hype.FILE PHOTO: Cathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange in New York City, U.S., February 27, 2023..

To the extent that investors chasing the 2020 performance were young or inexperienced and haven’t internalized the ways to guard against behavioural biases in investing I suppose is forgivable. It implies that every generation has to learn the rules of investing the hard way, through financial pain. Morgan Stanley chief investment officer Michael Wilson reports that his firm’s economists predict a payroll number above the consensus guess of 165,000. If that’s the case, the rally off the August 5th lows can continue.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Market Factors: Three reasons the rich are still getting richerPlus, the dark side of an economic soft landing
Source: globeandmail - 🏆 5. / 92 Read more »

Oil prices jump: Here are the driving factors move the marketOil prices (BZ=F, CL=F) are rising after Libya's eastern government reported a halt in exports. Tensions in the Middle east also continue to escalate as...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Market Factors: Answers to advisers’ most asked questionsPlus, climate change headaches for insurance stocks
Source: globeandmail - 🏆 5. / 92 Read more »

Market Factors: The worst list of investing advice imaginablePlus, foreign investors show little appetite for Canada
Source: globeandmail - 🏆 5. / 92 Read more »

Market Factors: It’s Time to Hedge As Signs of Fragility Continue To Emergetk tk tk more in the newsletter
Source: globeandmail - 🏆 5. / 92 Read more »

Market Factors: The sell-off was likely a lucrative opportunityPlus why global asset allocations might cause more selling in equities
Source: globeandmail - 🏆 5. / 92 Read more »