morning-wood:-ark-is-dumping-its-coinbase

Morning Wood: ARK Is Dumping Its Coinbase

Morning Wood: ARK Is Dumping Its Coinbase It appears to be yet another brilliant example of Cathie Wood’s investing acumen and a staple of the time-honored investment adage: buy high, sell low. Wood dumped 1.133 million shares of Coinbase yesterday from her flagship ARKK Innovation Fund, according to data at CathiesArk.com, which tracks the trades and…

should-you-buy-stocks-on-fomc-day?

Should You Buy Stocks On FOMC Day?

Should You Buy Stocks On FOMC Day? A chart by Bespoke Investment making the rounds this morning shows the profound (and bullish) impact FOMC days have had on the market in 2022: according to their analysis, if you only owned the market on days when the FOMC hiked rates (i.e., the March, May and June…

is-america-in-a-recession?

Is America in a Recession?

Official GDP (aggregate output) figures for the second quarter (April, May, June) from the U.S. Bureau of Economic Analysis (BEA) are going to drop on Thursday, possibly literally as well as figuratively. Twitter is aflutter in anticipation, but more over the definition of recession than the probability of a negative number. As of 19 July,…

state-power-doesn’t-settle-science

State Power Doesn’t Settle Science

In his book Sway, Ori Brafman tells a story of sitting in an MBA class taught by Professor Roberto Fernandez. Fernandez showed the class a film of a 1950s open heart surgery to make a point about how people ignore information. The film showed the surgeon pouring a white powder over the patient’s heart; the…