Cathie Wood says we are in a strong bull market and as long as there is no recession, ‘we will probably be fine’

Cathie Wood says we are in a strong bull market and as long as there is no recession, ‘we will probably be fine’

Cathie Wood believes the bull market for stocks has shown its strength by shrugging off mounting price pressures, and unless an economic downturn hits, it'll probably keep up its winning ways. The Ark Invest chief acknowledged the "wall of worry" being climbed by investors faced with hot-running inflation, speaking in an interview with on Wednesday. But Wood pointed to how equity markets shrugged off bond moves earlier this year. "If you look at the bond market — even though we had a doubling in bond yields for the first quarter, the stock market was up, despite that heart attack in the bond market," she said. "That was a loud signal to us that we're in a very strong bull market, and as long as we don't fall into a recession, we're probably going to be fine," Wood added. After US inflation to a 31-year high last week, government bond yields surged on the prospect it might prompt the Federal Reserve might move faster on an interest rate hike. Some analysts predict high inflation could last until the second of 2022. Yet the US stock market has hit record high after record high. The has risen by 25% so far this