Lol recession on Ark etf isn't

2022-06-28

Lol recession on Ark etf isn't it? Try your best to bluff youngsters and expect the Fed to lower down the interest

Cathie Wood Warns U.S. Is Already in a Recession

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Comments

AhBart
2022-06-28
AhBart
If you look closer at Ms Wood, her mouth resembles a trumpet. Hence, she talks as if she’s blowing a trumpet 🎺🎺
AthenaVeblen
2022-06-28
AthenaVeblen
Very interesting point! It may be difficult to expect the Federal Reserve to cut interest rates.

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Try your best to bluff youngsters and expect the Fed to lower down the interest","highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9042303280","repostId":2246133086,"repostType":4,"repost":{"id":"2246133086","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1656426671,"share":"https://www.laohu8.com/m/news/2246133086?lang=&edition=full","pubTime":"2022-06-28 22:31","market":"us","language":"en","title":"Cathie Wood Warns U.S. Is Already in a Recession","url":"https://stock-news.laohu8.com/highlight/detail?id=2246133086","media":"Dow Jones","summary":"Ark Invest CEO Cathie Wood admitted during a Tuesday interview with CNBC  that she had dramatically underestimated the severity of inflation -- before claiming that the U.S. economy is likely already ","content":"<html><head></head><body><p>Ark Invest CEO Cathie Wood admitted during a Tuesday interview with CNBC  that she had dramatically underestimated the severity of inflation -- before claiming that the U.S. economy is likely already in a recession.</p><p>Wood blamed supply-chain disruptions and geopolitical factors like the war in Ukraine for exacerbating inflationary pressures beyond what she had anticipated. She also said that a recession driven in part by mismanaged inventories had already begun.</p><p>&#34;We think we are in a recession,&#34; Wood said during a Tuesday interview with Andrew Ross Sorkin on CNBC.</p><p>The first reading on U.S. economic growth during the second quarter of 2022 will be released roughly <a href=\"https://laohu8.com/S/AONE.U\">one</a> month from now by the Bureau of Economic Analysis. While the Federal Reserve and most of the big U.S. investment banks don&#39;t anticipate a recession this year, the Atlanta Fed&#39;s GDPNow forecast shows U.S. economic growth collapsing to zero during the second quarter, following a negative reading for the first quarter, as MarketWatch reported.</p><p>&#34;We were wrong on one thing and that was inflation being as sustained as it has been...inflation has been a bigger problem but I think it has set us up for deflation,&#34; Wood said.</p><p>Wood explained that supply-chain issues had led to major retailers to mismanage their inventories, leading to a glut of certain finished goods, like furniture, that were in high demand during the pandemic. Even &#34;the best-managed companies in the world&#34; are having problems she said. She added that the surge in inventories seen over the past year has been larger than anything she has seen during her 45-year career.</p><p>&#34;We&#39;re talking about Walmart and Target...they have problems, and we think there will be a lot more problems,&#34; she said.</p><p>Read:Cathie Wood&#39;s ARK <a href=\"https://laohu8.com/S/PSFF\">Pacer Swan SOS Fund of Funds ETF|ETF</a>s are sinking with tech stocks -- and value investors will be hunting for the biggest bargains</p><p>Wood also pointed to the drop in consumer sentiment as measured by the University of Michigan&#39;s survey as another warning that a recession has already begun.</p><p>&#34;Consumer sentiment in the highest income groups is lower than in the lowest income groups,&#34; Wood said.</p><p>As MarketWatch reported last week, the closely watched gauge of consumer sentiment tumbled to 50 in its final reading for June, down from an initial reading of 50.2 earlier in the month, and well below May&#39;s level of 58.4. The final number is the lowest reading on record, going back to the late 1970s.</p><p>The ARK Innovation ETF (ARKK)has fallen more than 50% since the start of the year, but it has recorded more than $370 million of money flowing into the ETF over the past week (although nearly $1 billion has flowed out of the fund over the past year). The Innovation ETF traded flat in early trading on Tuesday at $44.86 per share.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Warns U.S. Is Already in a Recession</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Warns U.S. Is Already in a Recession\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-06-28 22:31</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Ark Invest CEO Cathie Wood admitted during a Tuesday interview with CNBC  that she had dramatically underestimated the severity of inflation -- before claiming that the U.S. economy is likely already in a recession.</p><p>Wood blamed supply-chain disruptions and geopolitical factors like the war in Ukraine for exacerbating inflationary pressures beyond what she had anticipated. She also said that a recession driven in part by mismanaged inventories had already begun.</p><p>&#34;We think we are in a recession,&#34; Wood said during a Tuesday interview with Andrew Ross Sorkin on CNBC.</p><p>The first reading on U.S. economic growth during the second quarter of 2022 will be released roughly <a href=\"https://laohu8.com/S/AONE.U\">one</a> month from now by the Bureau of Economic Analysis. While the Federal Reserve and most of the big U.S. investment banks don&#39;t anticipate a recession this year, the Atlanta Fed&#39;s GDPNow forecast shows U.S. economic growth collapsing to zero during the second quarter, following a negative reading for the first quarter, as MarketWatch reported.</p><p>&#34;We were wrong on one thing and that was inflation being as sustained as it has been...inflation has been a bigger problem but I think it has set us up for deflation,&#34; Wood said.</p><p>Wood explained that supply-chain issues had led to major retailers to mismanage their inventories, leading to a glut of certain finished goods, like furniture, that were in high demand during the pandemic. Even &#34;the best-managed companies in the world&#34; are having problems she said. She added that the surge in inventories seen over the past year has been larger than anything she has seen during her 45-year career.</p><p>&#34;We&#39;re talking about Walmart and Target...they have problems, and we think there will be a lot more problems,&#34; she said.</p><p>Read:Cathie Wood&#39;s ARK <a href=\"https://laohu8.com/S/PSFF\">Pacer Swan SOS Fund of Funds ETF|ETF</a>s are sinking with tech stocks -- and value investors will be hunting for the biggest bargains</p><p>Wood also pointed to the drop in consumer sentiment as measured by the University of Michigan&#39;s survey as another warning that a recession has already begun.</p><p>&#34;Consumer sentiment in the highest income groups is lower than in the lowest income groups,&#34; Wood said.</p><p>As MarketWatch reported last week, the closely watched gauge of consumer sentiment tumbled to 50 in its final reading for June, down from an initial reading of 50.2 earlier in the month, and well below May&#39;s level of 58.4. The final number is the lowest reading on record, going back to the late 1970s.</p><p>The ARK Innovation ETF (ARKK)has fallen more than 50% since the start of the year, but it has recorded more than $370 million of money flowing into the ETF over the past week (although nearly $1 billion has flowed out of the fund over the past year). The Innovation ETF traded flat in early trading on Tuesday at $44.86 per share.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKG":"ARK Genomic Revolution ETF","ARKF":"ARK Fintech Innovation ETF","ARKK":"ARK Innovation ETF","ARKQ":"ARK Autonomous Technology & Robotics ETF","ARKW":"ARK Next Generation Internation ETF"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2246133086","content_text":"Ark Invest CEO Cathie Wood admitted during a Tuesday interview with CNBC  that she had dramatically underestimated the severity of inflation -- before claiming that the U.S. economy is likely already in a recession.Wood blamed supply-chain disruptions and geopolitical factors like the war in Ukraine for exacerbating inflationary pressures beyond what she had anticipated. She also said that a recession driven in part by mismanaged inventories had already begun.\"We think we are in a recession,\" Wood said during a Tuesday interview with Andrew Ross Sorkin on CNBC.The first reading on U.S. economic growth during the second quarter of 2022 will be released roughly one month from now by the Bureau of Economic Analysis. While the Federal Reserve and most of the big U.S. investment banks don't anticipate a recession this year, the Atlanta Fed's GDPNow forecast shows U.S. economic growth collapsing to zero during the second quarter, following a negative reading for the first quarter, as MarketWatch reported.\"We were wrong on one thing and that was inflation being as sustained as it has been...inflation has been a bigger problem but I think it has set us up for deflation,\" Wood said.Wood explained that supply-chain issues had led to major retailers to mismanage their inventories, leading to a glut of certain finished goods, like furniture, that were in high demand during the pandemic. Even \"the best-managed companies in the world\" are having problems she said. She added that the surge in inventories seen over the past year has been larger than anything she has seen during her 45-year career.\"We're talking about Walmart and Target...they have problems, and we think there will be a lot more problems,\" she said.Read:Cathie Wood's ARK Pacer Swan SOS Fund of Funds ETF|ETFs are sinking with tech stocks -- and value investors will be hunting for the biggest bargainsWood also pointed to the drop in consumer sentiment as measured by the University of Michigan's survey as another warning that a recession has already begun.\"Consumer sentiment in the highest income groups is lower than in the lowest income groups,\" Wood said.As MarketWatch reported last week, the closely watched gauge of consumer sentiment tumbled to 50 in its final reading for June, down from an initial reading of 50.2 earlier in the month, and well below May's level of 58.4. The final number is the lowest reading on record, going back to the late 1970s.The ARK Innovation ETF (ARKK)has fallen more than 50% since the start of the year, but it has recorded more than $370 million of money flowing into the ETF over the past week (although nearly $1 billion has flowed out of the fund over the past year). The Innovation ETF traded flat in early trading on Tuesday at $44.86 per share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":175,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":93,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":102579061,"gmtCreate":1656428659834,"gmtModify":1663252935333,"authorId":4099263395755910,"author":{"id":4099263395755910,"authorId":4099263395755910,"name":"AhBart","avatar":"https://static.itradeup.com/news/5c8a0140b30f2d6c3be37b2ad1a1efe8","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9042303280,"type":1,"supId":0,"prevId":0,"content":"If you look closer at Ms Wood, her mouth resembles a trumpet. Hence, she talks as if she’s blowing a trumpet 🎺🎺","text":"If you look closer at Ms Wood, her mouth resembles a trumpet. Hence, she talks as if she’s blowing a trumpet 🎺🎺","html":"If you look closer at Ms Wood, her mouth resembles a trumpet. Hence, she talks as if she’s blowing a trumpet 🎺🎺","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":102579437,"gmtCreate":1656430233128,"gmtModify":1663252933626,"authorId":9000000000000701,"author":{"id":9000000000000701,"authorId":9000000000000701,"name":"AthenaVeblen","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9042303280,"type":1,"supId":0,"prevId":0,"content":"Very interesting point! It may be difficult to expect the Federal Reserve to cut interest rates.","text":"Very interesting point! It may be difficult to expect the Federal Reserve to cut interest rates.","html":"Very interesting point! It may be difficult to expect the Federal Reserve to cut interest rates.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9042303280"}