ARK Invest's Cathie Wood says the U.S. is already in a recession - 28 iunie 2022

 The innovation-focused investor said inflation has turned out to be hotter than she had expected due to supply chain disruptions and geopolitical risks. Inflation measured by the consumer price index rose 8.6% in May from a year ago, the fastest increase since December 1981. 

 Wood said consumers are feeling the rapid price increases, reflected in sentiment data that’s fallen to record lows. She pointed to the University of Michigan’s Surveys of Consumers, which showed a reading of 50 in June, the lowest level ever. The popular investor has had a tough 2022 as her disruptive technology darlings have been among the biggest losers this year in the face of rising interest rates. Her flagship active fund Ark Innovation ETF (US.ARKK) is down a whopping 52% year to date, falling 66% from its 52-week high.

https://www.cnbc.com/2022/06/28/ark-invests-cathie-wood-says-the-us-is-already-in-a-recession.html