Cathie Wood: Inflation data may be lower than market expectations

On January 18th, Cathie Wood, founder of ARK Invest, stated that the downward trend in inflation is very clear, but official data shows that inflation is stagnant. She believes that the market valuation is close to historical highs and may face a pullback. Wood pointed out that the reduction in oil prices, housing prices, productivity growth, and unit labor costs have brought multiple deflationary pressures. In addition, she emphasized that technology driven innovation, including robotics, energy storage, artificial intelligence, blockchain technology, and healthcare, may result in inflation data falling below market expectations.