Fed hikes a serious mistake, a Great Depression risk: Ark's Cathie Wood

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Fed hikes a serious mistake, a Great Depression risk: Ark's Cathie Wood
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The Fed made a 'serious mistake' by raising interest rates, and it could land us in another Great Depression, says polarizing investor Cathie Wood

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The Fed is ignoring deflationary signals in an hark back to start of the Great Depression, tweeted Cathie Wood. The Ark boss warned of a similar downturn if the Fed doesn't pivot from its monetary tightening path.Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox.

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