Ark Invest CEO Cathie Wood doesn’t doubt that the U.S is in a recession.
“The first two quarters of real GDP negative, to us, means we’re in a recession,” Wood said in an exclusive interview on Yahoo Finance Live.
“We believe this recession will be sustained,” she added.
Wood and her team of analysts say the economic contraction is going to be a function of an inventory overhang.
“It’s going to be a serious inventory correction, but it’s not going to be anything like we saw like in ’08 or ’09,”…
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