While other investors worry about the US slipping into recession next year, ARK Investment Management founder Cathie Wood thinks the recession is already here – and could last well into 2023. “We believe we are already in a fairly significant inventory downturn, however we do not believe it will be anything remotely similar to the […]
Tag: Cathie Wood
Cathie Wood’s funds for the first time sold instead of buying Coinbase shares
Funds controlled by Cathie Wood unloaded Coinbase shares for the first time in 2022, as the largest cryptocurrency exchange in the US faces an investigation by US authorities. Three Ark Investment Management funds sold about 1.41 million shares worth about $75 million by the close of trading on Tuesday, according to daily Ark trading data […]
Cathy Wood warns that the US is already in recession
The United States is likely to be already in recession, said Ark Invest CEO Cathy Wood in an interview with CNBC, where she even admitted that she herself had significantly underestimated inflation. Wood attributed the increase in inflationary pressures more than she had predicted to supply chain disruptions as well as geopolitical risks, such as […]
Cathie Wood: Corporate over-concentration indicates inflation will ‘deflate’
Cathie Wood said that the huge reserves that US companies have amassed indicate that inflation will soon begin to de-escalate. “I have never seen stockpiling this amount in my career and I have been in the market for a long time,” the head of Ark Investment Management said in an interview with Bloomberg Television on […]
Cathie Wood: The Fed will not raise interest rates as much as markets expect
The US Federal Reserve is not going to raise interest rates as much as the markets are estimating today, says ARK Cathie Wood. The strategies of ARK Investment Management, where Wood is the founder and CEO, have faced several difficulties amid fears of inflation, he told the Seedly Personal Finance Festival in Singapore, according to […]
Kathy Wood: The most misallocated fund allocation in the history of markets
“Star” investor Kathy Wood defended the choices of the fund she manages, ARK Invest, against the significant losses it shows, saying, among other things, that the current picture in the stock market is probably the most wrong distribution of funds in history. In particular, speaking to CNBC, Katie Wood criticized the tendency of fund managers […]
Cathie Wood: What stocks is it buying now and why it remains bullish on Bitcoin
By Kerry A. Dolan Cathie Wood, the hugely successful fund manager known for her huge “bet” on Tesla, explained why she remains bullish on Bitcoin, citing the reasons her company sold almost all the Chinese shares it owned and revealed what Ark Invest now buys all this during a panel discussion, moderated by investor and […]