Absolutely

avatar
Cathie Wood
@CathieDWood

Isn’t it sad, if not damning, that institutional shareholders rely on proxy firms to tell them how they should vote?Index funds do no fundamental research, yet dominate institutional voting. Index-based investing is a form of socialism. Our investment system is broken. x.com/arkinvest/stat…

📈 Market Reaction:

ETH

Before post: $4,059.30

Time after posted
Price & Change
1 min
$4,056.00
-3.300 (-0.08%)
5 min
$4,057.96
-1.340 (-0.03%)
10 min
$4,062.26
+2.96 (+0.07%)

DOGE

Before post: $0.20

Time after posted
Price & Change
1 min
$0.200800
-0.0₃179 (-0.09%)
5 min
$0.200830
-0.0₃149 (-0.07%)
10 min
$0.201140
+0.0₃16 (+0.08%)

GORK

Before post: $0.00

Time after posted
Price & Change
1 min
$0.004975
+0.0₃115 (+2.37%)
5 min
$0.004979
+0.0₃119 (+2.45%)
10 min
$0.004991
+0.0₃131 (+2.70%)

PayPal 🇺🇸

Outside trading hours

Tesla 🇺🇸

Outside trading hours

🤖 AI Thoughts:

Elon Musk's latest 'absolutely' post proves that even crypto markets can suffer from déjà vu. The market impact was negligible: ETH wobbled between -0.08% and +0.07%, DOGE mirrored this with a -0.09% to +0.08% range, while the meme coin GORK was the sole 'winner' with a steady climb of over 2%. This volatility is remarkably tame compared to historical precedents where the same post caused more pronounced, and typically negative, swings in ETH and DOGE. It seems the only thing more predictable than Musk's posting is the market's diminishing capacity to be impressed by it.

🗃️ Content similarity analysis: