Cathie Wood: AI新技术开启生产力周期，通胀反弹叙事被宏观数据弱化

Odaily Odaily News ARK Invest founder Cathie Wood shared her latest market views on the X platform, stating that a series of current macroeconomic data are continuously dispelling market concerns about a resurgence of inflation. She believes the U.S. economy is entering a new upward cycle driven by technological productivity and will not repeat the stagflation scenario of the 1970s. On the data front, U.S. productivity has grown by 3%, unit labor costs are only 0.5%, and Truflation's core CPI is close to 1.3%. Multiple indicators confirm that inflationary pressures remain low. Even with strong employment data, the market's short-term pullback merely reflects investor sensitivity to interest rates and macroeconomic risks. The current market is in a classic "climbing the wall of worry" phase, similar to the period from 1980 to 1990, where innovation dividends will support long-term asset appreciation.

Cathie Wood pointed out that core technologies such as AI, robotics, autonomous driving, and multi-omics are still in their early stages of development. The productivity-enhancing effects have yet to be fully reflected in economic statistics. We are currently in the early stages of a technology expansion cycle, where technological innovation will dominate medium-to-long-term economic growth.