Though it's been a less-than-rosy year for Cathie Wood's Ark Invest, she sees strength ahead for the firm's investment strategy if the U.S. does fall into a recession. The firm's flagship ARK Innovation ETF is down more than 60% on the year, underperforming the broader market. The fund consists mostly of tech names, which tend to underperform in rising interest rate environments as investors are seeing now as the Federal Reserve hikes rates to tame high inflation.
"The other reason is because our fundamentals are far superior to those of companies who are more cyclically biased," she said. "And so, we will have superior revenue growth and our cash flows will continue to increase on balance during a period like that." Biggest recession factor right now In terms of a potential 2023 recession, the biggest factor Wood sees right now is the aggressive pace of interest rate hikes to cool off hot inflation.
I agree with recession, sooner and deeper than consensus, not sure how that helps stocks? TINA not returning even when Fed is forced to cut. At least not early stages
Grotesque
I used to think she just sucked at this. Now I think she’s more than a little on the loopy side.
And then again, it might continue to fall...
take away her mic
Not a lot could make it any worse. How is she still running a fund anyway.
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