Cathie Wood's flagship exchange-traded fund (ETF), ARK Innovation (ARKK), has been struggling and underperforming in 2024. The fund is currently down 5.19% in the year-to-date, while other major indices like the S&P 500 have seen significant gains. The poor performance is mainly attributed to ARKK's largest positions in companies like Tesla, Square, and Roblox. However, there is hope for a recovery in the final quarter of the year, as Tesla and other major holdings have shown recent rallies. Overall, the future of ARKK remains uncertain but there are potential catalysts for improvement.



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