"I've never seen inventory surges like this in my career, and I've been around for a long time," said Cathie Wood, the head of Ark Investment Management.
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She points to slowing growth in the core inflation rate as indicating that price hikes are moderating. Still, in this geopolitical climate, "we can't rule out further shocks."
"When interest rates are at or close to zero, it's very easy to get credit and the difference between a good company and a bad company is narrow. When the tide runs out, you figure out who is swimming naked."
