‘As long as we don’t fall into a recession,’ we’re in a long bull market, says ARK Invest’s Cathie Wood

'As long as we don't fall into a recession,' we're in a long bull market, says ARK Invest's Cathie Wood
As long as we dont fall into a recession were

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
ARK Innovation had been a highflier in 2021 until a rotation out of growthy investments helped to pummel her disruptive vehicles, which is down 6% so far in 2021. By comparison, the Dow Jones Industrial Average
was up 17% in the year to date, the S&P 500 index
was rising nearly 25%, the technology-heavy Nasdaq Composite Index
was up nearly 24%.

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