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What’s Missing On Inventories In Recession Discussion
Cathie Wood, who manages ARK investments funds, is popular among retail traders. Which is not surprising, since smaller traders tend to be more bullish and growth-favoring. So, it was quite noteworthy when she came out yesterday to say that “we” (that is, the United States) are in a recession. Of course, we won’t know whether that assessment is correct until Q2 data is published later this month. But the definition of a recession is at least two quarters of negative growth. Meaning we can’t know a recession is in place until at least two months into it. So, waiting for the official diagnosis isn’t all that ... (full story)