Cathie Wood Says She Got Supply Shock Wrong as Oil Prices Soar
Cathie Wood’s 2020 prediction that oil prices would slump to $12 hasn’t aged well as the Ukraine invasion sends the price of oil spiking. On Monday, she said she got the supply shock wrong but she still expects oil prices to collapse -- eventually.
“I got the supply shock wrong. That said, the accelerated shift toward electric transportation will destroy oil consumption at the margin,” she wrote on Monday. “Long term, though longer term than I expected, oil prices will collapse under the weight of lower demand.” $ARK Fintech Innovation ETF (ARKF.US)$ $ARK Innovation ETF (ARKK.US)$ $United States Oil Fund LP (USO.US)$ $W&T Offshore (WTI.US)$
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Expendabiggles : Never underestimate the ability of the US govt to fuk up your plans.
efficentupup OP Expendabiggles : truth![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
趋势交易员F : I found out that she was an unmistakable master
趋势交易员F : At 12 US dollars, don't hit me hard. Saying about the final collapse is the same as not saying it; we can also say that ARKK finally collapsed