Cathie Wood’s Top 5 Small-Cap Stock Picks
ARK’s Overall Allocation Rank: 16th
Market Cap: $3.648B
PagerDuty is a cloud computing company whose main business is centralized in a Software as a Service(SaaS) incident response platform. The company aims to link different groups or teams to real-time opportunities through a world-class digital system to help organizations further enhance any existing operations, maximize growth, escalate revenues and lighten any unforeseen security risk in order to deliver a quality and up to the mark customer experience.
The company delivered an enormous 105% return since Cathie Wood bought and allocated a 1.7% portion of their total equities to PagerDuty Inc., amounting to $287,930,000 that is equivalent to 10,620,814 number of PD shares.
Money Supply Is Up 26%, Inflation Coming? Cathie Wood’s Bitcoin Comments and Stock Picks
“The year has certainly started off in a wild way.” ARK Investment Management’s CEO, Cathie Wood, said that for this year, she will be focusing on capital gains, tax rates and the corporate tax rates following the sweep of the democrats into both the house and the senate. “I think they will go up and that will not be good,” said Wood talking about the taxes in a market update webinar of ARK Invest.
As of today, Wood stated that the market seems to be focusing on the odds that America will have at least another trillion dollars of stimulus and that the bull market is already broadening up. “I can say I was wrong about what I believe the impact on the stock market was going to be in the short term,” she admitted while saying that they were correct however about their assumptions on the V-shaped recovery that is caused by the wobbles of the resurgence in the coronavirus’ infectio
The Fraying of the US Global Currency Reserve System
Published December 2, 2020
Since autumn of 2019, I’ve been bearish on the dollar, meaning I have a longish-term outlook towards a weaker dollar.
This view began forming when the Federal Reserve cut interest rates in summer 2019, and then the view solidified with a catalyst after an overnight repo rate spike in September 2019 forced the Fed to begin supplying repo liquidity.
In my October 2, 2019 article, “The Most Crowded Trade“, I said to look for a weaker dollar in 2020, and also stated that the Fed would likely start expanding its balance sheet by buying Treasuries in 2020 or perhaps as early as that quarter in 2019 due to oversupply.