Are Cathie Wood's ETFs at a Tipping Point?

The last couple of years have been wild for CEO Cathie Wood, her Ark Invest firm, and investors who put money in the company's exchange-traded funds (ETFs).The company's flagship Ark Innovation ETF (NYSEMKT: ARKK) posted gains of roughly 149% across 2020's trading, but its performance has looked drastically different since the beginning of last year. Ark's ETFs are heavy on the kinds of growth stocks that have gotten crushed amid bearish conditions shaping the broader market, and there's plenty of uncertainty on the horizon. For better or worse, Wood's funds could be at a tipping point.