Cathie Wood Calls Out the Nasdaq - TheStreet
Cathie Wood Calls Out the Nasdaq
Cathie Wood is all about disruption, which is why she laments what is happening to the Nasdaq.
The Ark Invest financial guru has repeatedly called out the Nasdaq for no longer being the disruptive force it was envisioned to be, and Wood believes that the reason the major indices have become more risk averse is the tech and telecom bubble from the late 90s.
"The Nasdaq and S&P 500 are beginning to look a lot more alike. We are what the Nasdaq used to be in the 80’s and 90’s. So when you don’t see FAANGs in our portfolio, we don’t see that as being disruptive, meanwhile they are cornerstones of the Nasdaq and S&P 500. We are the place for pureplay and broad disruptors," Wood said during a discussion on Twitter Spaces Tuesday.
e disruptive times.
