A great contrarian indicator Cathy Wood21 Dec 2022 12:13
I see this as a dead cert that energy stocks will fly next year
Her fund is down 63% YTD while US energy stocks are up 56% YTD
NEW YORK (Reuters) - "Energy stocks and other value stocks will likely be "casualties" of falling inflation", said Cathie Wood, the star stock picker whose ARK Innovation Fund has come back down to earth, in a webinar on Tuesday.
Instead, lower interest rates should be a "boon" to growth stocks, she said, as widespread economic demand becomes more scarce.'
www marketscreener com/business-leaders/Cathie-Wood-27349/news/Ark-s-Wood-sees-U-S-now-in-recession-expects-energy-stocks-to-tumble--42539202/
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