Cathie Wood

If negotiations lead to lower global tariffs and lower non-tariff trade barriers, investors shorting the equity market now will be caught flat footed or worse. A global “tax cut” would be a very good thing.

The other side of a trade deficit is a capital surplus, which is a critical concept to understand.

Deliveries in two minutes? Cool.

Financial services revolution.

While the last two weeks of tariff turmoil have been challenging for financial markets, we see light at the end of the tunnel!

Counter to rumors that it is in disarray, the FDA is changing regulations to help streamline the drug development process with #AI. In our view, some of the most profound applications of AI will be in health care.

As Zerohedge notes, this swap spread is suggesting serious liquidity issues in the US banking system. This crisis is calling out for some kind of Mar-a-Lago Accord on free trade, in tandem with serious support from the Fed? No more time to waste. https://t.co/zyN7cXwizL

We are in the eye of the storm but, if President Trump cares about his legacy - which we know he does - or the midterm election campaign season - which will start this fall - then the last leg of this rolling recession is giving him and the Fed more degrees of freedom to pivot. In this ITK, I show in charts the rolling recession that started when the Fed jacked up interest rates 24-fold and threw one sector and demographic cohort after another into a rolling recession. The sectors that kept GDP afloat were the government and high-end consumers. While many think the recession is starting, we believe that most sectors are down, that the last …

Investors in the health care/multiomics space seem to be missing an impending shift from “sick care” to early diagnoses and cures, championed by Robert Kennedy and new HHS talent like Scott Steele. This shift could resuscitate ROIs in the biotech space significantly.

High praise for mimik from @Nvidia. Congratulations, @Fayarjomandi!

This upgrade seems important from a global monetary system perspective. Balancing supply and demand should lower inflation and increase the utility of the network, if I understand this proposal correctly.

In our view, the market today is discounting the last leg of a rolling recession, which will give the Trump Administration and the Powell Fed many more degrees of freedom than investors expect, setting up the US economy for a deflationary boom in the second half of this year.

In our view, the market is discounting the last leg of a rolling recession, which will give the Trump Administration and the Powell Fed many more degrees of freedom than investors expect, setting up the US economy for a deflationary boom in the second half of this year!

Another short-term uncertainty weighing on the velocity of money—suggesting monetary policy could be tighter than the Fed appreciates—is tax policy. In anticipation of lower tax rates, consumers and businesses could be delaying income recognition, as in the early Reagan years. One of the lessons learned from the first Reagan Administration was the importance of making tax policy effective in real-time or, better yet, retroactively. Reagan phased in his cut over three years and faced back-to-back recessions spanning his first three years in office. Thereafter, we enjoyed the Reagan Revolution which lasted for years beyond his second term. #D…

Thank you for chronicling the rapid advance of AI-driven humanoid robots, @adcock_brett. @elonmusk and you are leading the charge, so to speak. @ARKInvest’s research suggests that the convergence among robotics, energy storage, and AI platforms will create an economic boom!

With gratitude for fighting the good fight, @coinbase, and congratulations for winning it!

Excited to attend @blockworksDAS, where I’ll join @JasonYanowitz to discuss the state of digital asset markets and what’s ahead for this growing asset class.

What the heck!

🙏

I always learn so much from #Bitcoin Brainstorm. The open source mining movement is nascent but very exciting!

Transparency, Efficiency, Security: Win, Win, Win.

@NMDespotARK’s research highlights the technology breakthroughs that could transform sickcare into healthcare. In our view, the stocks of companies researching and developing personalized tests and medicines, especially cures, are the most undervalued in the market.

Thanks to five technologically enabled innovation platforms, real GDP growth during the next 15 years could jump more than 2-fold globally, from 3% during the past 125 years to 7%+. Based on history, this forecast seems conservative. From 1500 to 1900, for example… according to @wintonARK’s research, real GDP growth averaged only 0.6%. Then, thanks to three new innovation platforms—telephone, electricity, and the internal combustion engine—it jumped five-fold to 3%. Now, powered by AI, the acceleration in global growth could be stunning!

Many of these transformative technologies have been evolving slowly, slowly but, thanks to AI, could step-function into "all at once".

Thanks to the increasing depth of our team’s original research, I believe this Big Ideas is our best one yet. Looking forward to sharing some of our big ideas on @CNBC’s @SquawkCNBC at 8:10am tomorrow!

I trust @BrianRoemmele’s sense of urgency, @DavidSacks.

.@ARKInvest has observed over the last few years that AI training and inference costs have been dropping 75% and 85-90%, respectively. Deepseek may be accelerating the pace of change, but the declines already are dramatic. Faster cost declines will add to demand, more for inference, a more competitive GPU space than training, and one of the nuances. That said, the AI boom is broadening out. Besides dramatic and broad-based productivity gains, the biggest revenue opportunity in the next five to ten years is autonomous mobility, and the most profound is health care - curing disease.

ARK Educate is honored to contribute to El Salvador’s progressive approach to education. Making it age appropriate for all grades, we believe that ARK Invest’s research will inspire El Salvador’s students to reach for the stars, and Mars!

Your contributions to @ARKInvest’s brainstorm take us to another level, @BrianRoemmele. Looking forward to more brainstorming through the most transformational technologies in history!

Godspeed, @elonmusk !