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Ram Ahluwalia of Lumida Wealth pointed to Ark's flagship ETF trading over 70% below its all-time high amid the S&P 500's recent record highs.
The next market rotation could be into insurance stocks and they could rally as much as 30%, according to an investment advisor.
All of Pershing Square's holdings except real-estate development and management company Howard Hughes saw book profits in the first quarter.
The U.S., though not having export controls on Saudi, can interrupt Nvidia chip flow to Riyadh, he added.
Despite the strong quarterly results from Chipotle, one investor has become uncomfortable with the stock's valuation.