TechFlow news, on March 24, according to Jinshi News, Cathie Wood, CEO of Ark Invest, stated that the U.S. has entered a "rolling recession" (a recession rotating across different industries).
In an interview with Bloomberg, Wood said: "We believe we are already in a rolling recession, and indeed we will see some quarters of negative growth, because the velocity of money is collapsing." She predicted that the collapse in money velocity would trigger one to two quarters of negative growth in the U.S. economy, setting the stage for tax cuts under the Trump administration and interest rate cuts by the Federal Reserve.
Despite her pessimistic outlook on the short-term U.S. economic prospects, Wood revealed that Ark Invest has recently been buying Tesla, Coinbase, and Robinhood—assets linked to cryptocurrencies—at逆势 prices, firmly believing that "technological disruption will bring beneficial deflation."
Notably, at the beginning of March, Wood had stated at the Bloomberg Investment Summit in New York that the U.S. economy was nearing the end of a "three-year rolling recession," after which U.S. stocks would take off. However, she now appears to have changed this view.
