By Bret Kenwell The ARKK ETF has slumped from its highs, and a 50% rally would recoup barely a quarter of its total losses. The chart hints at the prospect. It’s been a tough year for Cathie Wood and Ark investors. The asset manager’s flagship fund, ARK Innovation ETF (ARKK) – Get ARK Innovation ETF Report, is down 71% from its high and 52% so far on the year. I have started to notice, however, a few positives with ARKK. Perhaps the most optimistic observation is that it did not make new lows in June, while the S&P 500 and Nasdaq did. For as much flack as Wood and ARKK get, I do find it very n…