Cyclical Seesaw & Teslanomics | ITK with Cathie Wood

On episode LIV of "In the Know," (April 5, 2024) ARK CEO/CIO, Cathie Wood, alongside ARK Director of Investment Analysis & Institutional Strategies, Tasha Keeney, and ARK Director of Research, Autonomous Tech & Robotics, Sam Korus, discuss recent Tesla economic developments as well as weigh 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
0:01:25 Teslanomics
0:23:46 Fiscal Policy
0:23:49 Federal Budget Deficit Or Surplus Percent Of Nominal GDP
0:29:11 Net Interest Spend - Percent Of GDP (CBO Forecast)
0:31:02 Monetary Policy
0:31:10 M2 Money Supply vs. Inflation
0:36:25 1-Year Ahead Inflation Expectations University Of Michigan vs. NY Fed
0:38:33 Yield Curve 10 Year Treasury Yield Minus 2 Year
0:42:35 Real Federal Funds Target Rate
0:43:38 Global Policy Rates Are Declining
0:46:56 Economic Indicators
0:47:01 Real GDP vs. Real GDI
0:48:31 Purchasing Managers Index Manufacturing and Services Activity
0:49:39 Nonfarm vs. Household Employment Growth
0:51:49 Temporary Help Employment vs. Total Employment
0:52:13 US Consumer Sentiment By Household Income
0:53:13 US Small Business Optimism Index
0:54:15 US Existing Home Sales (SAAR)
0:56:07 US New One Family Houses Sold (SAAR)
0:57:01 New Homes Sold Median Sales Price
0:57:57 Existing Home Prices Median Price, Year-Over-Year Percent Change
0:58:02 US Auto Sales (SAAR)
0:59:45 Computer and Technology Production
1:03:36 S&P 500 Index
1:04:13 Market Signals
1:04:22 USD Index
1:05:04 Egyptian Pound And Nigerian Naira Spot Rates To USD
1:06:58 China Renminbi Per USD
1:09:23 Bloomberg Commodity Index
1:10:31 Metals/Gold Ratio vs. US 10 Year Treasury
1:12:41 Investment Grade And High Yield Index Credit Default Swaps
1:14:55 Outro


For more updates, follow us on:

[HRIapstrategy]

Thank you for being such a great educational resource Ark team. ❤ your teams intelligence & dissemination of expertise

[buildyourownbackyard]

Not a huge ARK fan, but as a layperson thinking about Tesla's safety... Every Tesla FSD accident is reported nationally. Each of them. Imagine what the news would look like if every Tahoe or Expedition (or whatever) accident was reported nationally. There are probably 2 Camry's totaled out in Dallas every day.

[Vinsanity]

greatly appreciate sharing the research. have never been more excited for the future of TSLA

[userwink]

Knowledge is the key to good investing. Thank you everyone at Ark.

[georgebrandt]

Watched to the end, thank you for sharing your experience and perspective.

[RahRah-vumh]

I'm a marketing consultant and professor. Peter Drucker once taught us that Innovation + Marketing = Value, all the rest are costs. Watching this, it's clear on the marketing side of things that Tesla has swapped Innovation with Exponential innovation and in doing so has been and will continue to blow everyone else trapped by traditional methods out of the water.

[anthonyballog]

Was in Tesla for the battery but when I seen v12...

Thank you Cathie for all you do.

[kevinyang]

Very useful and detail informations. Thanks for ur help and I have more confidence for Tesla

[BlackSwan-sqiw]

I have been following Cathie since 7 or 8 years ago. Bought her funds. Her ideas didn’t pan out. Her forecasts are wrong.

[Balilaci]

Speaking about safety, we should not forget the rare occasions like the father drove off the cliff and after a huge fall the whole family survived without major injuries in a Tesla.

[starofchaos]

You mention battery costs going down and charging infrastructure being built rapidly, along with highlighting positive sales figures for Tesla Model Y, but don't mention any potential challenges related to those aspects. Wood referencing doubters in 2019 and Tesla overcoming them again suggests a focus on past success overcoming challenges, potentially downplaying current risks.

[douglasstewart]

THANK YOU for spending your time with us. Listening to your In The Know really does help put the pieces together.

[thachx]

She is one of the most controversial figures in the industry .The vast majority of the investment committees do not approve her organisation in Europe .
Quite contrary, I have invested in her products since 2020.
I trade funds .
I have only had the most amazing experiences with her products !!
I respect and appreciate Ark with their high integrity.
I am also 5 year junior at USC ;-)

[pralden]

Really nice breakdown of the data and information that cuts through all the noise out there.

[noobmaster]

Thanks so much. The content is amazing.

[LucyDarlington]

Amazing intel, as usual! Thank you Cathie Wood!

[brandon_youtube]

Insightful analysis. Tesla is a grinding stock to cover and invest in. Not for the faint hearted.

I can imagine Tasha taking a break from it in 2024

[ianyates]

Dear Miss Wood, thank you for your presentation. I have a couple of questions:
1) your quote that Tesla has outsold Toyota in terms of total vehicle sales is incorrect. Correct in terms of total EV sales

2) C++ is a procedural language it is not an AI enabled language. Look at Python and Tensor Flow.

3) Tesla is facing increasing competition at both the top end I.e European brands and at the bottom end BYD, KIA, and Hyundai. Which means without scale Tesla is being squeezed

3) The AI boom for chip companies is limited to the saturation point for building AI infrastructure. This will happen over the course of the next year.

4) the real action I believe is with Quantum e.g D-Wave systems and the emerging companies that are in the early stages of employing Quantum to solve real world problems

Just a thought

[SwiftlyJack]

Thanks for sharing all that knowledge and insights!

[ramanmittal]

Dear Cathy knowledge is no use to investors unless you can produce results. ARKK is back to levels it was 7 years ago. We are here to learn of course but more importantly to have decent returns on our investment. Just knowledge does not pay the bills