43 days ago • Posted by Jasper Lawler
ARK's Cathie Wood predicts SERIOUS CORRECTION in commodities
"The scramble is more today than what we've seen in any other cycle," Wood said, predicting that "we will have a very serious correction in commodity prices" once the global economy fully reopens.
Deflation, rather than inflation, will likely be the dominant theme in global markets in the years ahead due to technological innovation, Wood said. Yields for the benchmark 10-year Treasury will likely stay within a range between 1.5% and 3%, she said, while oil prices are unlikely to go above $70 per barrel.