ARK Invest CEO Cathie Wood characterizes the market response to the Supreme Court’s strike-down of federal tariffs as a “yawn,” predicting that the removal of these “tax increases” will act as a significant catalyst for U.S. economic growth.
Market Resilience Amid Policy Shifts
Despite the dramatic 6-3 Supreme Court ruling that invalidated President Donald Trump’s emergency-law tariffs, equity markets remained remarkably stable. Wood, founder of ARK Invest, noted that the financial world had largely anticipated the judicial check on executive power.
“I think the markets are treating this with a bit of a yawn.” She attributed the initial volatility on Friday to high-frequency algorithms rather than fundamental shifts, noting that while aggressive growth portfolios experienced a minor setback in defense technology, the broader market remained unfazed.
Tariffs As Economic Friction
Wood remains steadfast in her view that the invalidated duties were essentially a burden on the American consumer and corporate sector. By removing these barriers, she anticipates a reversal of the recent economic cooling.
“We’ve called tariffs tax …Full story available on Benzinga.com
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