Which tech trends Cathie Wood is banking on despite the turbulence in prices

new York Cathie Wood doesn’t want to whitewash the situation. Shares in innovative companies “have come under extreme pressure on the markets,” admits the head of the investment house Ark, which relies exclusively on disruptive trends with its exchange-traded funds. “Innovation stocks have lost 50 to 75 percent in the past year, which is about as bad as 2008 and 2009,” at the time of the financial crisis. The 66-year-old must therefore find her way in new realities.

The US Federal Reserve (Fed) could start turning around interest rates as early as March and raise interest rates four to seven times this year, economists believe. That’s traditionally bad for tech stocks, which Wood has achieved cult status with in recent years.

Read on now

Get access to this and every other article in the

Web and in our app free of charge for 4 weeks.

Continue

Read on now

Get access to this and every other article in the

Web and in our app free of charge for 4 weeks.

Continue

.
source site-13