The CEO of Ark Invest says that the US economy is in a recession – but there’s a catch. In a new interview with CNBC, Ark CEO Cathie Wood shares her outlook on the US economy. “Well, I think we have been climbing a wall of worry. I mean, a lot of people expected tariffs and wars and the controversy between the Fed and the President to really shake markets up. And of course, there has been some volatility. But these are the kinds of bull markets that I think are the most durable, when the market climbs through all of that controversy. It’s really signaling something. And I think the things that it’s signaling are: interest rates probably are coming down. And I think what many people are not focused on in the inflation statistics are the housing numbers. And they get in there with a long lag. We think that the shift, or the concentration toward just a very few stocks– which was a very unhealthy bull market – that is changing, and the market is broadening out. And I think deregulation is probably one of the most important things that this administration is doing to unleash animal spirits.” When asked what she thinks about opposing views – that the economy is doing fine – Wood points to housing and manufacturing numbers before making her prediction that this will all transition smoothly into a recovery. “Well, I think we’ve been pretty consistent on this idea that we’ve been through a rolling recession. If you look at housing, which is actually having a little bit of a relapse today, housing plummeted in 2022 when interest rates shot up, and it has not recovered. Manufacturing has not recovered. And so we do believe that they will recover as interest rates come down, deregulation takes hold, and some certainty about tax cuts and so forth occurs – including immediate expensing, perhaps, of capital goods, which would be very positive. So we think we’ll move from a rolling recession into a recovery.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Cathie Wood Says Stock Market Entering ‘Durable’ Bull Run, Predicts Mass Recovery of US Economy After Rate Cuts appeared first on The Daily Hodl .
