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(Bloomberg) -- Cathie Wood sees a potential turning point for stock markets following the volatility sparked by US President Donald Trump’s tariff announcements in April.
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Investors are beginning to understand that international trade negotiations could lead to a “freeing up of markets,” the founder of ARK Investment Management said in a Bloomberg Television interview on Monday. Wood said she thinks that the White House’s approach is actually aimed at reducing trade barriers.
“If that is where we end up, that’s a tax cut. That’s a positive,” Wood said. Referring to this month’s trade deal between the US and UK, Wood said she was hopeful that more agreements can be struck and become a “two-way street” for the US to open up its markets.
Asked about the ballooning US budget deficit, Wood said she believes that as technological innovation speeds up, the US can “grow its way out of the deficit.”
Wood, whose investment fund bets on disruptive technology, reiterated her view that the health-care sector is the “most underappreciated” beneficiary of artificial-intelligence applications, with new tools offering ways to accelerate drug discovery and development.
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