Recession Watch: Housing, Autos Already in Recession, Says Cathie Wood

The US housing, auto and construction industries are already in a recession. That's the view from Cathie Wood, CEO and Chief Investment Officer of Ark Investment Management. She speaks with Carol Massar and Tim Stenovec on Bloomberg Radio.
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[viviancarolgioao]

Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.

[michaelschiemer]

Tired of the "recession is coming!" threat. Recessive periods come along with equivalent market opportunities if you are well informed and equipped, I've seen folks amass wealth in the midst of economic turmoil and even pull it off easily in favorable conditions. Invariably, the collapse is getting somebody somewhere rich

[jonneye]

Sold all my remaining stock in her garbage fund recently. How could the S&P 500 reach all-time highs and ARKK sits there frozen between $35-45 for the last 2 years.

[diane.moore-]

The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents. Hyperinflation has left the less haves bearing the brunt of the burden. Its already eating into my entire $620k retirement portfolio. Like where else can we invest our money with less risks?

[PorterWunt]

I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.

[NewTXRealty]

It sure is nice to constantly be wrong and still have people giving billions of dollars to your fund! 🤦🏿‍♂️

[BrainGraze]

2:35 @CathyWood is high or on something, says- “As prices are coming down” they are not!!. Rate of price increases are flattening to around 2%-3%. No wonder ARK etfs are worst performing assets in the market today.

[Riggsnic_co]

I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

[prnyc]

Why media outlets keep giving Woods air time is beyond me.

[rwallace]

I wouldn't pay too much attention to anything that Cathie Wood's says.

[Hgk]

This lady is clueless
Does anyone believe her..

[sammyrex]

Cathie wood is the Raygun of investing

[austinbar]

I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways?

[kortyEdna]

I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300, 000, yielding almost no gains for quite some time.

[karld]

She's got a lot of attitude for someone that is the worst money manager in the world.

[plpfctn]

I feel sorry for people who agree with Cathie wood

[fatfatthewaterrat]

She’s the exact reason why you buy SPY. And to think she missed NVDA. Major L. Cathie deserves no air time period.

[sotiriospapafragkou]

Why is Cathie getting any airtime? She has lost billions of investors money? Is she paying for the airtime? If that is the case shouldn’t this be disclosed to the audience?
Legacy media is dying, rightfully so.

[Dercho]

Even a broken clock is right twice, Ms. Woods.

[davronnie]

I THINK I THINK I THINK SHE HAS NO CLUE