ARK Invest CEO and CIO Cathie Wood breaks down the ‘profound’ changes the artificial intelligence sector has experienced in the last decade.
Ark Invest CEO Cathie Wood sees a bright future ahead with President-elect Trump’s return to the White House and predicted over the weekend that his policy agenda will likely usher in economic growth not seen in decades.
In a post-election message to investors released Sunday, Wood likened America’s current economic situation to the early 1980s when President Reagan’s tax cuts combined with interest rate cuts by the Federal Reserve resulted in explosive growth that led to the U.S. eventually growing its way out of the deficit and ended with a surplus in the Clinton era.
Cathie Wood was presented the question of “Trump or Biden,” and answered Trump because she votes for the person who is going to do the best for the U.S. economy. (Patrick T. Fallon/AFP via Getty Images/Reuters / Getty Images)
She added on X following her video message that Trump’s policies “are likely to turbocharge the US more powerfully than during the Reagan Revolution.”
In making her case, Wood touted Trump’s vows to cut taxes and slash regulations again as he did during his first term, and also pointed to his vow to partner with Tesla CEO Elon Musk to cut government spending in his second term.
REAL ESTATE TITAN PREDICTS MAJOR RATE CUTS FOLLOWING TRUMP VICTORY
“Now the deficit will go down, we think, because of growth, but also we think the…
