Deflation On The Horizon? Cathie Wood Points At Falling Commodity Prices To Hint At Slowing Economy
Cathie Wood, the CEO of ARK Invest, raised concerns about a potential deflationary cycle, citing a significant drop in commodity prices.
What Happened: Wood, in her letter to investors on Wednesday, pointed out the surprising downtrend in commodity prices since 2008. She highlighted that the Bloomberg Commodity Price Index is currently at the same level as in 1984, indicating a potential deflationary “Kondratieff wave.”
What Happened: Wood, in her letter to investors on Wednesday, pointed out the surprising downtrend in commodity prices since 2008. She highlighted that the Bloomberg Commodity Price Index is currently at the same level as in 1984, indicating a potential deflationary “Kondratieff wave.”