TechFlow news — On March 5, according to Jinshi News, Cathie Wood, CEO of Ark Investment Management, said at the Bloomberg Invest Summit in New York that the Trump administration will be more favorable for stock investors than Ronald Reagan's "golden era."
Wood believes lower taxes, deregulation, and innovation-friendly policies will significantly boost financial market growth. She said, "I lived through the Reagan Revolution—it was the golden age for active management. That era is coming back, and I think this time it will far exceed the Reagan era."
Wood also stated that the U.S. economy is nearing the end of a "rolling three-year recession," and the stock market is poised for a takeoff. Despite her ARK Innovation ETF declining 6.3% year-to-date and investors withdrawing funds for 14 consecutive months, Wood remains optimistic about the market outlook.
Wood expressed confidence in Tesla CEO Elon Musk, praising him as "the inventor of our generation," and said she is not concerned that his work at the Department of Government Efficiency (DOGE) will distract him from his focus on technology.
