After selling Nvidia last month, Cathie Wood’s ARK snaps up graphic chipmaker’s stock as it hits 52-week low

Cathie Wood's ARK Invest cut its stake in Nvidia ahead of the graphic chipmaker's results last month. Now it's snapped up the stock which has dropped to a 52-week low. Read More...


Analysis-Faltering U.S. stocks rally could see volatility-control funds turn sellers

Certain volatility-linked investment strategies could ramp up selling of equities if turbulence in the stock market, which has been stoked by the U.S. Federal Reserve’s hawkish stance on interest rate rises, gets much worse. “Volatility control funds,” systematic investment strategies that take their trading cues from market volatility levels, had been steady buyers of equities since mid-June, when U.S. stocks entered a bear market rally, rebounding 17.4% up until Aug. 16. But the S&P 500’s sharp retreat of 8% over the last two weeks, driven by worries the Fed will continue to hike interest rates in a bid to tame inflation, is pushing these funds closer to the levels of market turbulence at which they start to shed stocks at an accelerated pace.

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