Rally in the Kathy Woods Fund offers a sign of optimism in a bearish market

investors bargaining in stock market carnage Tracing the shares of an old favorite: Cathy Wood’s ARK Innovations Exchange-Traded Fund.

Shares of the fund, which is largely populated by growth-oriented technology companies, advanced 17% from May 11 lows. They have outperformed the S&P 500, which is up 4.4% over the same period.