‘As long as we don’t fall into a recession,’ we’re in a long bull market, says ARK Invest’s Cathie Wood
Star stock picker Cathie Wood says she remains bullish on the equity market long-term, despite bearish concerns about rising inflation pressures as the global economy attempts to recover from the COVID-19 pandemic.
In an video interview with MarketWatch’s sister publication Barron’s on Wednesday, Wood said that “we’re in a long bull market,” that will sustain itself “as long as we don’t fall into a recession.”
Wood said that equity investors are climbing a “massive wall of worry,” and are “effectively saying no” to concerns the likelihood that a new regime of corporate taxes will upend bullish momentum.
She also said that the stock market appears to be telling us that expectations are low that inflation will be sustained.
Wood is a money manager, whose funds focus on making investments in disruptive innovations and manages the flagship $20.7 billion ARK Innovation ETF ARKK,
By comparison, the Dow Jones Industrial Average DJIA,
