Cathie Wood of Ark Invest says worry actually puts her more at ease.
In an interview with CNBC, she said she always feels more at ease when the market is worried, because that usually means the bull market is more sustainable and this one has not gone off track. She expects the U.S. stock rally to continue into 2027, with AI agents and self-driving taxis continuing to drive the market. She also said today’s sentiment differs markedly from the tech and telecom bubbles of the 1980s and 1990s, when investors broadly believed tech stocks would keep rising and were not alert to the risks. But in the same interview, she acknowledged that rising financing costs are becoming a major risk for tech stocks.
The key point to watch is the last one: whether the outlook is going astray is determined not by sentiment, but by the cost of money. If financing costs keep rising while the market remains unworried, “worry actually puts me more at ease” no longer holds.
#AIChipStocksSlumpNasdaqFalls3.4%ForTheWeek
In an interview with CNBC, she said she always feels more at ease when the market is worried, because that usually means the bull market is more sustainable and this one has not gone off track. She expects the U.S. stock rally to continue into 2027, with AI agents and self-driving taxis continuing to drive the market. She also said today’s sentiment differs markedly from the tech and telecom bubbles of the 1980s and 1990s, when investors broadly believed tech stocks would keep rising and were not alert to the risks. But in the same interview, she acknowledged that rising financing costs are becoming a major risk for tech stocks.
The key point to watch is the last one: whether the outlook is going astray is determined not by sentiment, but by the cost of money. If financing costs keep rising while the market remains unworried, “worry actually puts me more at ease” no longer holds.
#AIChipStocksSlumpNasdaqFalls3.4%ForTheWeek
