While investors have been gripped by the fear of inflation, the head of Ark Investment Management says “the greater risk by far is deflation”.
Cathie Wood says the massive inventories now held by US companies suggest that inflation will die down.
s. On Tuesday, Target cut its profit outlook for the second time in three weeks on an inventory surge. The interview took place at UP.Summit, a conference on the future of mobility hosted by Walmart heirs and Up.Partners, a venture capital firm investing in mobility start-ups that Wood personally backs.One of Ark’s most famous bets has been on Tesla. After Ark trimmed its Tesla holdings for at least four quarters in a row, it has been buying the electric carmaker again after the stock sank nearly 50 per cent.
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