Citadel s billionaire CEO, Ken Griffin, sees the weakening of meme stocks and other speculative assets like NFTs and crypto as a positive for the economy in general.
By market cap, Tesla is the world’s largest automaker – by a long shot. But Tesla s bears claim that the company is trading like a meme stock and has an unsustainable valuation.
While the markets worry about inflation, Cathie Wood and even Elon Musk see deflation coming. Here’s why they might be right, and how ARKK could soar as a result.