Cathie Wood: The next stage of this cycle may feature accelerating economic growth, declining inflation, lower interest rates, and a stronger US dollar

Odaily Odaily News ARK Invest CEO Cathie Wood posted on X platform that the latest employment report was stronger than expected, with non-farm payrolls increasing by 172,000, compared to market expectations of 88,000. Data from previous months was revised upward by 93,000, and wage growth was approximately 0.3%. Cathie Wood stated that current productivity growth is close to 3%, and unit labor costs are about 0.5%. The bond market seems to be pricing in the deflationary effects of technological innovation, especially as AI begins to boost productivity across various sectors of the economy. If tensions with Iran ease and oil prices fall, she believes inflation could enter negative territory by the end of the year. The next phase of this cycle may manifest as accelerating economic growth, declining inflation, lower interest rates, and a stronger US dollar.