The Journey From Monetary Shock To An Innovation-Led Economic Boom | ITK with Cathie Wood
ฝัง
- เผยแพร่เมื่อ 6 มิ.ย. 2024
- On episode LIII of "In the Know," (March 8, 2024) ARK CEO/CIO, Cathie Wood, weighs in on public debt, M2 growth, interest rates, and more. She also breaks down her latest market commentary entitled 'The Journey From Monetary Shock To An Innovation-Led Economic Boom', which you can read here: ark-invest.com/articles/marke...
This month we’re again responding to a few requests by supplementing this episode with charts and data to help illustrate ARK’s perspective on and outlook for the global economy.
As always, Cathie discusses fiscal policy, monetary policy, market signals, economic indicators, and innovation. We hope you find this monthly series useful, especially during periods of heightened volatility. Stay Healthy. Stay Innovative.
00:00:00 Intro
00:00:46 Cathie Intro
00:01:22 Fiscal Policy
00:01:26 Public Debt Outstanding As A Percent of GDP
00:04:19 Monetary Policy
00:04:25 Money Supply (M2) vs. CPI
00:05:21 Real Federal Funds Target Rate
00:06:41 Yield Curve (10 Year Treasury Yield Minus 2 Year)
00:10:45 Bank Term Funding Program Total Outstanding Debt
00:12:13 Economic Indicators
00:12:18 Temporary Help Employment vs. Total Employment
00:15:48 US Job Quit Rates
00:16:41 US Existing Home Sales (SAAR) - Volume
00:17:29 US New One Family Houses Sold (SAAR) - Volume
00:17:55 New Home Prices (Median Price, Year-Over-Year Percent Change)
00:18:18 Existing Home Prices (Median Price, Year-Over-Year Percent Change)
00:18:37 US Auto Sales Total Annualized SAAR
00:19:29 US Real Retail Trade Inventories (Total Ex Motor Vehicles)
00:21:16 Real-Time Rent vs. CPI Rent Indices
00:22:49 Market Signals
00:22:54 US Dollar Index (DXY)
00:23:29 Bloomberg Commodity Index
00:25:35 Metals/Gold Ratio vs. US 10 Year Treasury
00:26:54 Gold
00:27:40 Bitcoin
00:28:33 Investment Grade and High Yield Index Credit Default Swaps
00:30:04 Cathie Letter Preview
00:39:26 Cathie Conclusion
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As always, Cathie, thank you for your generosity and graciousness
Provocative and clear in the presentation of the evidence.
Thank you
I'm fairly heavy on DNA. Average of 1.69 I'll keep adding on the dips until my DCA is in the 5% range. The majority of my portfolio is Tesla. Still up on that but definitely getting close to adding more.
Keep up the good work, you guys are an excellent source for long term growth stocks.
nice , you sold NVDA and bought NVTA,SKLZ, TWOU! Really nice strategy
Love listening to smart people kathy u the man
Thanks for your insightful information
Thanks Cathie
Good stuff as always, appreciate the analysis and presentation Cathie!
Thank you Cathie!
Thank you for sharing your knowledge ❤
Thanks again Cathy!
Thank you for all of your hard work and awesome insight! Much love from Hawaii!🤙🏽
This lady has made more money in one day than probably any of us will make dont hate the player hate the game
Thank you so much for your analyses. These are very helpful indeed!
It is so relaxing listening to the current facts you give. I watch Bloomberg daily, by the minute and it is a head spin trying to keep with their new drama tactics they've incorporated to confuse viewers.
As always, a pleasure listening
❤Grace and Peace to you!
Cathie always brightens up my day! 🤗
Happy (slightly late) woman's day! 🥰
Dear Cathie, this channel is abusing your character to promote a crypto scam th-cam.com/video/zkB-KPMA4y8/w-d-xo.htmlsi=7G6L1P7FHbaHgs1L
Doesn't brighten portfolios.
Awesome , thanks 🙏
Hey Cathie, just back into investing after a long hiatus. Growing my portfolio nicely. In any case.. learning about you is interesting. I started watching and listening to some of your commentary and then i googled you and it said 68.. i was like what!? i swear i thought you were late 40's.. So whatever you're doing keep it up :) Appreciate people like yourself. Cheers!
Brilliant ! If I had a professor like Ms Woods when I was in business school, then I would have been a millionaire 5 or 10 years earlier.
awesome!!! amazing work. Thank you
Remember when u missed out on nvda
Thanks Cathie for the video and the outlook. 👍
The updated version of the show the graphs is much more valuable. Thanks
Love you!
There's a line ! I mean there are many ahead of you !
Any valuation models this year?
Thanks Cath from France 😉
Near 10:45 Kathy is discussing 1 million multi family apts ready to enter the market, thus downward pressure on rents BUT they are financed in a leveraged way and so can’t afford to lower rents. If it gets to that point wouldn’t the market borrowers just refinance at lower rates? For that matter wouldn’t lower rates solve or at least reduce the government debt she led with?
The investment firms / hedge funds that scooped up all of that commercial real estate and multi-family units already have lower rates than the current APRs. The problem that she presented is in the fact that those companies used capital that is not their own, it’s borrowed (I.e., leveraged), so if rents start declining and they are forced to compete in the marketplace, they will have trouble servicing their debt.
thnak you Cathie
Thank you for these 🤓☕️
I just learned what color periwinkle is. I think.
Rents are not going down in the state of Maine. So the distribution of the effect is not uniform acoss all regions.
always class
Love these thanks kathy i think ur awesome
so glad i found this channel everything cathie has said about bitcoin has been true thank you for all the knowledge
Ark did us a favor by offering the Bitcoin ETF (Ark-B).
I’d like u to expound more on how you see disinflation yet alone deflation.
I see multi family having a problem with higher rates and inventories growing a bit higher, but not dramatically.
Woods is not in the woods. Great analysis I came to the same conclusion already last year but the mass market moves slowly. Still there is nowhere to hide now. No more cheap money or higher salaries.
Great episode! Only problem I have is that what if money printing is faster than the technology deflationary force? I think it is likely to happen in the next 10-20 years.
Don't kid ourselves. With Government Spending as part of GDP, a big part, I don't see how debt as a percentage of GDP will come down because Government Spend won't be slowing down. There is definitely no government spending cut.
For housing in certain states the insurance company’s will not offer new policies.
I don’t see deflation but still high inflation. Look at the grocery stores. A lot of basic items are doubled in price like beef, eggs, produces.
I totally agree with you…but the effect of high inflation across all goods and services means certain classes of commodities and luxury goods will be forced to lower their prices, and excess supply (especially name brands) still needs to move off the shelves, the lot, etc. so there will inevitably be some deflation that will likely offset the measured economy (baskets of goods / services).
She’s talked about deflation ever since we entered inflation and has been entirely wrong about it all
The letter is bold
Why isn't ARKG holding Oxford Nanopore? Compass Pathways is also British. Repair Therapeutics is Canadian. Nanopore sequencers are used in many important research projects around the world. One example is the sequencing of the X Chromosome. Apple featured a Nanopore sequencer in the presentation of their new laptop and its ability to quickly process the huge data stream of a genetic sequence.
what does Cathie think of the documentary, The Great Taking, by financial whistleblower, David Rogers Webb ?
Do you know that if the network has an error it will ask for your money?
A free masterclass... 🎉
The economy is too strong for the FED to cut rates. If we get unemployment above 4.4% I can see rates coming down. Most of the economists for the past 3 yrs have got recession wrong and as a result, many of their followers missed the market rally. I try to do my own analysis on the economy and come to the conclusions the bull market isn’t over.
Loosing 70 percent in a bull market
Wow cant wait to see what this will do in an actual bear market
Will it get worse? Does she realize so many things she told us she believes are really wrong from this channel?
She’s talked about deflation for 3 years wrong can’t beat the benchmark in a bull market why she’s still getting airtime on cnbc is absolutely mind boggling one hit wonder
Cathie? If the recession hits then Bitcoin will fel down to 30.000 and i can buy on discont price again?!
I remember when these used to get 500k views and thousands of comments
TSLA to 🚀
Like A.I., all I need is objective data..
ARKG will win
Wouldn't the government just spend more if the GDP increased as well as Cathie believes?
That’s a lagging effect that wouldn’t realize the excess tax revenues for at least 2 cycles, but when has a lack of tax revenues ever stopped the Treasury from issuing more notes (debt)?
We’re all currently in the Matrix, and I will refuse any pills offered to me 😂
I Love Me some Cathie Woods . Respectfully! Beautiful & Very Smart Intelligent Woman ❤
Hi cathie, i lost 10 grand in Invitae, would you mind releasing your companies notes about why the company failed to turn profits. Thank you
If ARK doesn't change its strategy (e.g., growth vs. value) based on macroeconomic changes, then why does Cathie spend so long talking about her macroeconomic predicitions? Seems pointless.
Cathie, can you address how adding $1T in new debt every 100 days is manageable considering the growing interest expense to tax payers? Sure seems out of control to me. How can they not lower interest rate to reduce the cost on our national debt?
Can you explain the mistakes you made that caused the investor loss money? What is your plan to improve the performance? As an investor of Arkk, I still lost 67 percent from the price I bought Arkk. Investors need to see the practical results, not the theories. Did you figure out the reasons for the stocks you pick are underperforming?
Never underestimate the power of a government to destroy their own economy when that is their willful intent. BBB
☝️Ah, During rate hike cycles, Innovation/ ling duration assets go down.
lol.... just compare ARKK to QQQ... these people all talk a good game, until they actually play the game.
GDP growth doesn't fix the problem Cathie, if the government matches their spending which they most likely will
*posts a textbook 'cup and handle' chart*
"We can see that commodities are in a clear downtrend"
Lol...ok Kathy...do you even TA? Commodities are about to spike smh
The worst investor alive! Why do people give money to this con woman? She sold NVDA the hands down leader in AI😂 BEFORE THE RIP and she is supposed to know tech. Why not just burn your money?
She is old school. The stocks she picks are underperforming. We use Microsoft Team for meetings more than Zoom in these business days. We don't watch Roku since the movie is so old and the contents are boring. We listen to TH-cam music and apple music, not Spotify.
She said it was overvalued 😂 look at the top holdings Tesla Roku Zoom it’s just laughable one hit wonder
PEPE will flip DOGE
PORK will flip PEPE
PESO will flip PORK
have fun w ur scam@@Recoveryplus
Interesting analysis, but this assumes Economics is a Science, and from what I've seen in my life time, well - its certainly not. So while interesting - this is all essentially BS. Frankly, her projections (or anyone's for that matter) are about as reliable as predicting weather more than a few weeks out. Look back 2 years and you'll see how inaccurate Cathy has been in her criticism of the Fed's actions and inventories. I find her reports entertaining and thought provoking, but accurate? - no way! But one thing is absolutely for sure - if Cathy continues to predict a stuff long enough - she'll finally be right. You go Cathy!
Why is ARKk still holding Roku and Zoom I mean is this a joke why is anyone giving this woman their money
Nvidia is over, get out now.
lol
😂
If your investment horizon is 5 years, why is your 5 year performance of ARKK so terrible?
You're so much better of just buying any blue chips or amundi world index. 8% in five years is worse than putting it into gold 😂
Actually gold even almost doubled in the same time
Come back in 5 years from now 😊
Dyor
Seems if u do your own DD they it's 5 year wouldn't bother u like it's not bothering her she is making money and if u really are an investor and not a trader u would no what is going on but if u are a trader and not and investor then u should be up set again listening to someone and not doing your own DD. Cathy didn't make u buy ark you bought it because obviously you don't know what your doing and let someone do it 4 you now u mad you are losing money typical American ready to blame someone else when they have the power but don't want to use it
Only thing Cathie can do with the fees collected is this one whic is useless and no one cares any monee..
this is wrong. CPI is an annual rate and fed funds are o/n. desperate cherry picking.
Bitcoin is dominated by Tether printing a $1B every 12.9 days! Cathie, please do not propagate any notion that BTC is up because of ETF or some flight to safety rubbish.