The U.S. equity market has been quite volatile in the past month. The collapse of SVB Financial's Silicon Valley Bank has triggered fears of a broader contagion. The sell-off in Deutsche Bank's shares also affected investor sentiment. Read More...
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Cathie Wood Doubles Down on These 2 Stocks Under $5
There’s no getting away from it, given the Fed’s policy of aggressive rate hikes, a soft landing for the U.S. economy appears out of the question. That at least is the opinion of Cathie Wood, who is therefore readying for a hard landing. “Money velocity is flattening,” the ARK Investment Management CEO said recently in reference to the recent banking mess while Wood also expects a marked deceleration in nominal gross domestic product. However, these are all blind spots for the Fed, she believes,
