Wall Street star fund manager and head of Ark Invest, Cathie Wood, shrugged off last week's market volatility and even said investor concerns have actually strengthened her optimism about further gains ahead.
Wood's firm manages multiple funds focused on technology and innovation sectors. She told the media that financial markets are currently shrouded in a "wall of worry." But her decades of investment experience have given her a somewhat unconventional view of the current market situation.
"When the market is highly volatile, if a rebound occurs, you should take profits. That way, when the market sells off, if you've already locked in gains, you have enough psychological resilience to re-enter," she said.
She emphasized that she expects the stock market rally to continue through 2027.
Speaking about the post-election turmoil, she said: "It's two steps forward, one step back. The direction of this transformation will become increasingly clear next year, and I think the market will perform well."
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