Cathie Wooden took a whole lot of warmth final yr for stating that the financial system was heading right into a deflationary surroundings due to what she known as ‘reckless” habits of the Fed elevating rates of interest at an unprecedented fee. She took even warmth extra from naysayers when it appeared that Cathie needed to ‘take her ball and go residence’, writing an open letter to the Fed, asking for a proof for his or her hike charges and displaying the information as to why their choice shouldn’t be unanimous… suggesting that her fund’s lackluster efficiency was primarily based on the financial situations. Nevertheless, now the tables appear to be turning for Wooden, as her ARKK flagship fund is up 27% yr up to now and Bitcoin is up 83% yr up to now. In her “In The Know” replace, Cathie defined that now that we found the breaking level available in the market was the regional banks, that she is anticipating extra injury to come back in different areas, and to the shock of many (however not her), we’re beginning to see the transfer to know-how as a secure haven.
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https://www.youtube.com/watch?v=CvRq_o6wnUU&t=2528s
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