Can Cathie Wood Bounce Back in 2023?
When superstar investor Cathie Wood invests, many others follow. That's because Wood, who launched Ark Invest back in 2014, has delivered impressive returns. Her flagship Ark Innovation ETF truly took off during one of the worst of times for many: the early days of the pandemic. Ark Innovation soared 148% in 2020 compared to 16% in gains for the S&P 500.
But Wood's winning streak lost steam and eventually screeched to a halt. Ark Innovation slipped 24% in 2021 and more than 66% last year. These declines mean it now has gained less than the S&P 500 over time.
Now the big question is whether Wood's time in the limelight is over -- or whether this famous investor may bounce back this year. Let's take a closer look.
Source Fool.com
