The Fed will likely 'get the market going' soon by signaling it'll ease off on its tightening campaign, Cathie Wood says

Dec 12 2022 by Business Insider

 
Cathie Wood's Ark Innovation ETF has slumped in 2022.

David Swanson/Reuters

Cathie Wood expects the Federal Reserve to signal a pivot from its tightening bias, fueling a stock market revival. "A change in rhetoric will get the market going," she said Monday. Rising interest rates have hammered Wood's portfolio in 2022, with her flagship fund plunging 64%.

The Federal Reserve will likely trigger a stock market rally next year by signaling a shift away from its current policy stance that favors...

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