How Currencies Fluctuate in Value | ITK with Cathie Wood

On episode LV of "In the Know," (May 3, 2024) ARK CEO/CIO, Cathie Wood discusses the bitcoin halving with ARK Director of Digital Assets Yassine Elmandjra, how interest rates impact innovation, and weighs in on the federal budget deficit, M2 money supply, employment growth, and more.

This month we’re again responding to a few requests by supplementing this episode with charts and data to help illustrate ARK’s perspective on and outlook for the global economy.

As always, Cathie discusses fiscal policy, monetary policy, market signals, economic indicators, and innovation. We hope you find this monthly series useful, especially during periods of heightened volatility. Stay Healthy. Stay Innovative.

0:00:00 Intro
0:01:55 Bitcoin
0:03:10 Bitcoin Inflation Rate and Percent of Supply Mined
0:05:29 M2 Money Supply 4 Year Annualized Percent Change
0:10:53 Bitcoin Inflation Rate and Percent of Supply Mined
0:17:34 Monetary Policy
0:17:38 M2 Money Supply vs. CPI Inflation
0:20:45 Yield Curve 10 Year Treasury Yield Minus 2 Year
0:22:38 Real Federal Funds Target Rate
0:23:31 The Fed Is Keeping Interest Rates Higher For Longer Than Normal
0:24:41 Fiscal Policy
0:24:45 Federal Budget Deficit Or Surplus Percent of Nominal GDP
0:27:58 Economic Indicators
0:28:02 Consumer Sentiment vs Expectations
0:29:05 Restaurants Same Store Sales YOY Percent Change
0:30:38 Nonfarm vs Household Employment Growth
0:34:23 Temporary Help Employment vs. Total Employment
0:34:53 Quits Rate Leads Employment Costs
0:35:32 US Personal Saving Rate
0:36:56 US Existing Home Sales (SAAR)
0:37:19 US New One Family Houses Sold (SAAR)
0:37:46 US Auto Sales (SAAR)
0:38:46 Small Business Optimism Index (NFIB)
0:39:34 Chicago Business Barometer (Market News International)
0:40:15 Market Signals
0:40:18 USD Index (DXY)
0:41:10 USDJPY Spot Exchange Rate
0:42:29 Bloomberg Commodity Index
0:44:44 Metals/Gold Ratio vs. US 10 Year Treasury
0:48:30 Investment Grade And High Yield Index Credit Default Swaps
0:49:42 Common Holdings and Active Share
0:51:13 Weight of the Top 10 Stocks in the S&P 500 Index
0:52:31 Market Cap of the Largest Stock Relative to the 75th Percentile Stock
0:56:38 Outro


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[theImperfectionistLab]

Thank you so much for putting this series out there. I am learning so much!!!

[ereneren]

The only stock outperformed the markets of Cathie was Coinbase... Iam loosing trust. Now she is selling Teladoc and Zoom, (was her highest conviction) Invitae and 2u, Tusimple she lost almost everything. Great stocks like Spotify, Palantir and Nvidia she sold too early. Her ARKG fund is up 10% while the market is up 70% from the 2022 lows. Arkg did not even catch XBI or Small capp. It underperformed every index and ETF.

[davidknott]

Let me just say I appreciate Cathy and if all you people want to do is bash her then don’t waste your time watching the videos simple right but let’s be real y’all know you envy her

[levitra]

She’s so smart about so many things. Good conversation. Thx

[jesabraham]

Cathie wood is the greatest destroyer of wealth among modern day fund managers. Bloomberg had a scathing article on this.

[fredlacroix]

27:25 thankyou for acknowledging RFK Jr being in the run for a 3 way presidential ticket

[craigruchman]

ARKG is the worst investment I’ve ever made

[InvestwithJase]

Best video to wake up to here in the UK - hi from the south west!! ❤❤ hope you are all thriving

[michaelmilian]

No comments about TDOC, the worst performing stock of all time

[ANoleJoke]

Why isnt there more talk about ARKK? I see many charts repeated across ITKs but why not explain the outlook on the ETFs? I wonder how many poor fellas are out there holding a bag, wondering what to do.

[tickertutor]

WTF happened with $NVTA... HUH? WHAT HAPPENED?!!?!?

[mckayanderson]

If the money supply in the US is falling to zero, which is propagating throughout the world, what liquidity will flow into Bitcoin this year?

[esta]

Deflationary pressures starting to appear.

[ChristosLycos]

Cathie thank you for your regular updates!! Really looking forward to the growth your funds will see in the coming years. It’s unfortunate many will miss out

[Alghamdiim]

The price of ARKK back in May 3 2019 was 48.39$. Now, it is less. The 5-year-horizon is a joke.

[JermNFT]

Palantir or Tesla? If you had to choose one Ms.Wood ?

[davidstrong]

in a world where the economy isn't working for everyone, in fact, its not working for the majority. But Cathy wants to keep the status quo by protecting all the capital Gains. Im Sorry but capital Gains tax should be a lot closer to the lower to mid tax brackets, not below them. . why is it that we tax sweat, more than we tax capital gains? This lady has destroyed more of my wealth than all my other investments together. Even my own choices in individual stocks havent done as bad as her ETF, over the last 5 years. on top of that, she is still taking a rather LARGE fee. Come on Cathy, cut the extremly high fee you charge, until your funds at least get back to precovid 2020 levels.

[isis_thakouni]

the way Miss Cathie was being patient the whole time he answered a question that she didn't ask.

[study]

Hi Cathy thank you a lot for the interesting content :-). One question: does "Nonfarm Payroll" include Gig-economy type of jobs, like Uber drivers? I wonder if the number is moving up so much because of the big increase in these type of jobs, which would of course skew the hole metric.

[NWforager]

it got reposted 💖 i thought The Man was like !