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“Sister Wood” is close to clearing Nintendo's stock, and has fallen 28% since its high at the end of February
According to daily trading data from Cathy Wood's Ark Investments, its flagship fund, Ark Innovation ETF (ARKK), has sold almost all of its holdings in Japanese game giant Nintendo since July. Currently, the fund only holds 1,500 shares of Nintendo's American Depositary Receipts (ADR) worth about US$82,000. At the end of February this year, Wood's fund held more than 4.7 million shares of Nintendo. At that time, Nintendo's weight in the fund's portfolio was 1.55%. However, Nintendo's stock price has fallen 28% since its recent high at the end of February because investors are concerned about its SW
Us non-farm data in May are about to be released. Economists have prepared for all kinds of surprises.
Economists were surprised by the fact that the US non-farm payrolls data for April fell far short of expectations, and when the data were released in May, they were ready for a variety of situations. Economists' expectations for non-farm payrolls growth in May vary widely, from as low as 335000 to as high as 1 million, according to a Bloomberg survey. Last month's data were disappointing and lower than all economists had expected, and some forecasters adjusted their models ahead of Friday's new data. "I have some models that show zero, while others show 1 million people," said Aneta, chief U.S. financial economist at Jefferies LLC.
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