Ark Invest CEO Cathie Wood Says the U.S. Economy is a “Coiled Spring”

• The U.S. economy’s rebound could begin next year.
• A confluence of deregulation involves metrics that could turn around sharply.
• Convergences among the major evolving innovation platforms could push productivity growth.

Ark Invest CEO, Cathie Wood, has described the current state of the U.S. economy as a “Coiled Spring” that could bounce quickly and sharply during the next year and beyond. Wood made the description in her New Year’s letter to investors, highlighting the various factors that characterized the U.S. economy over the past few years. 

Factors Characterizing the Current U.S. Economy

Some crucial factors Wood highlighted include a rolling recession despite sustained growth in the real gross domestic product (GDP) and a record-breaking 22-fold surge in the Fed funds rate from 0.25% in March 2022 to 5.5% in the sixteen months ended July 2023. She fu…

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