For the previous 12 months, Cathie Wooden hasn’t held any punches with criticizing the Fed. Her flagship ARKK Fund dropped from roughly $156 per share in 2021 to a dismal $30 per in 2023, taking her down from the darling of wall avenue to being the butt of many jokes. Whereas Cathie didn’t outright blame the fed for her fund’s woeful efficiency, she positively pointed the finger insinuating that their historic fee hikes had an amazing impact on her and plenty of pundits and analysts thought Cathie was simply crying foul however now the tables of turned and Cathie’s cry for the Fed’s aggressive charges have affected the banking system. In an interview with Bloomberg Tv, Cathie gave her tackle the present banking disaster. Cathie pointed to 2 main issues that occurred that we haven’t skilled in a very long time; one the run on the financial institution. And two, the 19 fold rates of interest. Regardless of the present state of affairs, Cathie has stayed sturdy on her identical message that innovation solves issues and with the banking disaster, Cathie believes the identical applies.
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To look at the complete interview:
https://www.youtube.com/watch?v=uzy-KAIgAx8&t=840s
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