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Home / Business / Top fund managers in 2020 warn that more than half of the S&P 500 companies may be threatened by technological turbulence

Top fund managers in 2020 warn that more than half of the S&P 500 companies may be threatened by technological turbulence



2020 is coming to an end, and it is difficult to find a more successful fund manager than Cathie Wood, CEO and Chief Investment Officer of ARK Invest.

Ark’s flagship fund, Ark Innovation ETF ARKK,
+ 2.24%,
This year it has risen by 154%, surpassing the Nasdaq Composite Index, which rose by 43%.
+ 0.15%,
And other Ark funds, including the Ark Gene Revolution ETF ARKG,
+ 2.03%
There are also great gains. The only real bad debts appeared this week, and capital losses and capital outflows are unique. But according to FactSet Research, the Innovation Fund has attracted US$9.4 billion in funding this year, the Genome Fund has swallowed US$5 billion in assets, and its Next Generation Internet Fund ARKW,
+ 1.74%
Attracted nearly 3 billion US dollars of capital flow.

Wood said in a report to clients this week that the company needs to invest in or lose its way in five “innovation platforms”: DNA sequencing, robotics, energy storage, artificial intelligence and blockchain technology. She said that these platforms involve 14 technologies, including gene therapy, 3-D printing, cloud computing, big data analysis and cryptocurrency.

This technological innovation exposes the entire industry (including energy, industry, consumer discretionary goods, communications services, healthcare and financial services) to all risks. These industries constitute more than half of the S&P 500 SPX.
+ 0.13%,
she says.

She added that traditional stocks and fixed-income benchmarks are increasingly being used by so-called “value traps,” making stocks and bonds “cheap”.

There is an economic forecast for this turmoil. “If our forecasts for the five innovative platforms are close to expectations, the nominal GDP growth rate of the United States may slow from an average of 4.1% in the past five years to 2-3%, and growth will only resume after the adoption of new technologies and solutions. Momentum she has gained enough critical mass to promote economic development,” she said. Both volume growth and inflation will be at the low end of expectations.

buzzing

Senate Majority Leader Mitch McConnell (Mitch McConnell) said that unless there are clauses that will deprive companies including Google owner Alphabet GOOG of legal protection, he will not conduct a $2,000 stimulus check. vote.
-1.09%
And social media platform Facebook FB,
-1.77%,
And the establishment of a committee to review President Donald Trump’s baseless claims of election fraud.

The gaming market continues to favor Republicans, while the latest polls in Georgia tend to have Democrats gaining seats in the Senate at the same time, which will give the party control of both the House of Representatives and the Presidential Palace.

In the US, attention to the coronavirus continues to be on the slow rollout of vaccines, which is as much as the increase in deaths caused by the virus. According to the COVID-19 Tracking Project, daily hospitalization reached 125,220, and the total number of deaths was 3,903, and the Centers for Disease Control and Prevention reported that 2.8 million people have started the vaccination process. China approved the first vaccine produced by the state-owned Sinopharm Group 1099.
+ 3.40%,
It said that its effective rate is 79%, and the United States may not approve the vaccine of the pharmaceutical company AstraZeneca AZN.
+ 0.56%
Senior health officials of the Trump administration said that until April.

Oil producer ExxonMobil XOM,
+ 0.80%
In a filing with the US Securities and Exchange Commission, the company plans to write down as much as $20 billion in assets in the fourth quarter.

The hedge fund Alden Global has made a non-binding offer to buy shares that Tribune Publishing TPCO does not already own,
+ 0.31%
$14.25 per share. Tribune closed at $12.79 on Wednesday.

In-phase energy ENPH
+ 1.60%
S&P Dow Jones Indices announced that it will replace the acquired Tiffany in the S&P 500 index.

The United States said it will impose additional tariffs on the European Union, involving aircraft-manufactured parts from France and Germany, non-sparkling wines from France and Germany, and cognac, in response to the EU’s calculation of how the United States imposes tariffs. The controversy involving a wider scope and a longer duration concerns state aid to the aircraft manufacturer Boeing.
+ 0.19%
And Airbus AIR
-0.34%.

The number of weekly jobless claims is the last economic indicator to be released in 2020.

chart

Ronnie Walker, an economist at Goldman Sachs, found that the labor market has not changed much since the employment report in November, no matter what the situation is. The good news is that the COVID-19 pandemic has not produced many scars. He said that of the 25 million jobs initially lost since the outbreak of the pandemic, two-thirds have returned, and 42% of the newly unemployed since February said they are making temporary layoffs.

market

It looks like a quiet year, but the stock futures ES00 has hardly moved.
+ 0.06%,
Bond TMUBMUSD10Y,
0.928%
Or USD DXY,
-0.06%.
Bitcoin BTCUSD,
+ 0.26%
This is the action, the cryptocurrency broke through $29,000.

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