The COLLAPSE Is FAR Worse Than 2008 - Cathie Wood

The COLLAPSE Is FAR Worse Than 2008 - Cathie Wood https://youtu.be/GsWdqwGT3YE The COLLAPSE Is FAR Worse Than 2008 Cathie Wood -------------------------------------------------- ► Special thanks to: Cathie Wood https://www.youtube.com/c/Arkinvest2015 The Fed is going to make a mistake. And even the Fed is saying we could make a mistake, the economy could enter into recession. Just yesterday, I believe Elon Musk said that he has a super bad feeling about the economy. Jamie Dimon at JPMorgan talked about a hurricane be prepared for a hurricane. The president of Goldman described this environment as a confluence of shocks that in his career has been unprecedented. So, again, he has a very good perspective. Global perspective, every sector. And so I would say at the margin, these three business leaders are seeing the economy in in some in some form of stress. Equities are telling us that the Fed is going to make a mistake. And even the Fed is saying we could make a mistake. The economy could enter into recession. We hope not. There are instances of so-called soft landings, but I would submit that housing and autos, down 20% is not a soft landing. You're seeing in the in the sectors as equities are broken out by something called six sectors, energy, energy, utilities and materials are up. Now, energy and materials are value sectors and they tend to do well in inflationary times. If we're right and fiscal, fiscal and monetary policy are both very tight and and getting tighter, then at some point this is going to flip we will flip away from these this value rotation and back to growth. And it couldn't happen too soon for us. Of course, on the on the losing side consumer discretionary and of course, the the at any advertising sensitive company is getting hit here, especially on the social side and especially with the competition from Tik-Tok. So it's hard to tell how much of this is a competitive dynamic and how much of it is an economic dynamic. It's probably both. And of course, technology has been an underperformer. Interest rates, interestingly, as the Fed has talked in a very hawkish way, meaning it will continue to tighten. The long term Treasury yield has had trouble getting and staying above 3%. Tyler Investing