The S&P 500 may be hitting all-time highs again fresh off of closing out a record-breaking year, but not every corner of the market was so fortunate.
Famed investor Cathie Wood and her Ark Invest had a poor showing last year, for example. Her ARKK innovation ETF, which holds stocks such as Zoom Video and Palantir, slid 24% in 2021.
Tom Lydon, CEO of ETF Trends, said don’t count out that beaten-down group of stocks this year. He said Ark Invest’s long-term outlook should be a focus for investors.
“I’m invested in Cathie Wood and will continue to be for the next 20 years. … You just have to ride it out. And if you’re diversified, you’re probably doing OK,” Lydon told CNBC’s “ETF Edge” on Monday.