Wood Sees Huge Inventories as Evidence Inflation Will Ebb
- ‘Cyclical reason’ that Ark thinks ‘inflation will unravel’
- Said Musk should stay at Tesla for autonomous driving push
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Cathie Wood says the massive inventories now held by US companies suggest that inflation will die down.
“I’ve never seen inventory surges like this in my career and I’ve been around for a long time,” the head of Ark Investment Management said in an interview with Bloomberg Television Wednesday. “This inventory issue highlights the cyclical reason we’ve been saying we think inflation will unravel.”