Cathie Wood Advocates for Retroactive Tax Cuts Under Trump Administration
The ARK Invest CEO emphasizes the need for tax clarity to boost market confidence and innovation-focused growth.
- Cathie Wood has called on President-elect Donald Trump to retroactively implement tax cuts from January 1, 2025, to promote economic growth and market certainty.
- Her ARK Innovation ETF (ARKK) has surged 17% since Trump's election, with key holdings like Tesla and Coinbase seeing significant gains.
- Wood supports Trump's pro-innovation agenda, including policies favoring cryptocurrency, artificial intelligence, and reduced regulatory burdens.
- She remains cautious about tariffs, viewing them as potential tax increases but acknowledges their use as negotiation tools in trade policies.
- Despite recent fund volatility, Wood continues to position ARKK for growth in emerging technologies, shifting some Tesla investments to companies like Archer Aviation.