* The director of Ark Invest highlighted that inflation turned out to be higher than expected due to disruptions in the supply chain.
* “We believe that a big problem is inventories. I have never seen such a big increase in my 45-year career,” she added.
* Wood clarified that sustained inflation, plus supply chain problems and the war in Ukraine led to deflation.
* Even though his flagship fund fell by more than 50%, Wood said he still sees money coming into his ETFs and that’s thanks to innovation.
In an interview with CNBC, Cathie Wood acknowledged that she underestimated the seriousness of inflation in recent months and left a statement that surprised many: “**The** ***United States is already in an economic recession***.”
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