The chief executive of investment firm ARK Invest thinks the U.S. Federal Reserve is about to alter its inflation strategy, which she believes will help the market rebound.
In a new company video, ARK Invest CEO Cathie Wood says that the US economy is probably in an “inventory recession” right now.
Wood says the current macro makeup is nothing like the recession of 2008/2009, and she predicts inflation will come down below the 2% level the Federal Reserve hoped for, pushing the Fed to pivot on their tight monetary policies.
“We believe there are all kinds of signals pointing to lower inflation, which suggests that the Fed should pivot soon. The most important one, perhaps, is the bond market itself. Interestingly, bond investors, who are