From Yahoo Finance: 2025-05-05 10:36:00

ARK Invest CEO Cathie Wood believes investors should expect positive surprises in financial markets as they overcome macroeconomic challenges. Wood highlighted Bitcoin’s strength compared to gold and noted its behavior during recent market corrections. Bitcoin traded at $94,661. Wood is optimistic about the market’s recovery from concerns about interest rates and valuations. She sees a shift towards a productivity-driven recovery, not a recession. Wood cautioned about the potential negative impact of new tariffs announced by Donald Trump, warning they could lead to a recession if not managed carefully. Wood’s firm ARK Invest predicts the S&P 500 could reach 6,400 by 2030, driven by exponential growth in AI, robotics, and blockchain technologies.

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