ARKK - ARK Innovation ETF

Felix mentions that when ARK ETFs start rolling over (going down), it is a bad signal for the market. This is listed as one of three late-cycle technical signals he monitors.

Cited as an example of actively managed funds that have underperformed significantly — down 40% over 5 years while the S&P 500 is up 65-66% in the same period. Has a 0.75% management fee.

Humphrey cites ARKK as an example of an actively managed ETF that is down 40% over the past 5 years while the S&P 500 is up 65-66%, and charges a 0.75% management fee. He argues actively managed funds rarely beat their benchmarks.

Referenced as a cautionary example — investors who bought at $160 suffered massive losses when it fell to $30, illustrating the danger of chasing performance late.

Felix uses ARK as a 'canary in the coal mine' indicator. When ARK goes up a lot, he gets worried. When it falls while the S&P holds up, it signals the market is rotating from risk to reliability — a pivot point to watch.