Now only she said it’s in rece

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Green Vege
2022-06-28

Now only she said it’s in recession after her fund drop 70% ! Her fund should exit all positions at $160 -$130 leave like a champion and sit on cash !

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

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

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

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PagRobinson
·2022-06-28
But the fact is that we cannot accurately predict every turning point of prices. Otherwise everyone will become a billionaire.
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- Green Vege:
  Dont you think proffesional and experienced fund manager like her notice it after drop 20% or 30% instead of 70%! Normal investors can be killed easily
  2022-06-28
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EricVaughan
·2022-06-28
How I wish I could sell all my shares by the end of last year......
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AthenaVeblen
·2022-06-28
Do you think there is still a good opportunity to continue buying funds?
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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. 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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). 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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). 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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":243,"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,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":120,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":102579712,"commentId":"102579712","gmtCreate":1656430960968,"gmtModify":1663252935739,"authorId":9000000000000432,"author":{"id":9000000000000432,"idStr":"9000000000000432","authorId":9000000000000432,"name":"PagRobinson","avatar":"https://static.tigerbbs.com/0965d3709fcccd732467fba87aa4ea6e","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9042307393,"objectIdStr":"9042307393","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"But the fact is that we cannot accurately predict every turning point of prices. Otherwise everyone will become a billionaire.","text":"But the fact is that we cannot accurately predict every turning point of prices. Otherwise everyone will become a billionaire.","html":"But the fact is that we cannot accurately predict every turning point of prices. Otherwise everyone will become a billionaire.","likeSize":0,"commentSize":1,"subComments":[{"id":102579890,"commentId":"102579890","gmtCreate":1656431767828,"gmtModify":1663252937861,"authorId":3576803879017029,"author":{"id":3576803879017029,"idStr":"3576803879017029","authorId":3576803879017029,"name":"Green Vege","avatar":"https://static.tigerbbs.com/6f18e558647f94c03f34fb7e8e58616f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9042307393,"objectIdStr":"9042307393","type":1,"supId":102579712,"supIdStr":"102579712","prevId":0,"prevIdStr":"0","content":"Dont you think proffesional and experienced fund manager like her notice it after drop 20% or 30% instead of 70%! Normal investors can be killed easily ","text":"Dont you think proffesional and experienced fund manager like her notice it after drop 20% or 30% instead of 70%! Normal investors can be killed easily ","html":"Dont you think proffesional and experienced fund manager like her notice it after drop 20% or 30% instead of 70%! Normal investors can be killed easily "}],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":102579867,"commentId":"102579867","gmtCreate":1656431615355,"gmtModify":1663252938550,"authorId":9000000000000597,"author":{"id":9000000000000597,"idStr":"9000000000000597","authorId":9000000000000597,"name":"EricVaughan","avatar":"https://static.tigerbbs.com/68b6583f2225af9e47d6576367702edb","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9042307393,"objectIdStr":"9042307393","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"How I wish I could sell all my shares by the end of last year......","text":"How I wish I could sell all my shares by the end of last year......","html":"How I wish I could sell all my shares by the end of last year......","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":102579412,"commentId":"102579412","gmtCreate":1656430155956,"gmtModify":1663252932942,"authorId":9000000000000701,"author":{"id":9000000000000701,"idStr":"9000000000000701","authorId":9000000000000701,"name":"AthenaVeblen","avatar":"https://static.tigerbbs.com/fb48733f77d50133639e148b840f87ae","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9042307393,"objectIdStr":"9042307393","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Do you think there is still a good opportunity to continue buying funds?","text":"Do you think there is still a good opportunity to continue buying funds?","html":"Do you think there is still a good opportunity to continue buying funds?","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}