Cathie Wood's flagship fund suffers record longest losing streak, pandemic-induced market rotation causes it to plummet over 50%.

After many years as a symbol of investment frenzy during the pandemic, Cathie Wood's flagship fund has reached a less glamorous milestone. The ARK Innovation ETF recorded a continuous decline for the first 10 trading days of this month, marking the longest consecutive decline in the fund's history. Over the past five years - covering the late pandemic, skyrocketing interest rates, and subsequent market rebound - ARKK has fallen by over 50%, while the Nasdaq 100 index has risen by 80% during the same period.