![]() ![]() Too many carry too much debt, for one thing, in her view. What’s more, not all of the growth stocks that have performed so swimmingly of late will continue to do so, she added. The Bloomberg US Aggregated Bond Index, which covers investment-grade paper such as Treasury corporate bonds, has hardly been a winner this year, losing 0.43%. The reason is that, unlike most on Wall Street, she said she thinks deflation-not inflation-lies ahead for the US economy, and tanking consumer prices would buoy bonds. “I do really think the Treasury bond will do well,” said Wood, also the founder of Ark Innovation. Someone at the Morningstar Investment Conference asked Wood, the champion of disruptive technology companies, which she’d prefer. The S&P 500, the signal large-cap index, is up 18.6% this year, after a bounce back this week. At the same time, large caps have done well. Right now, the benchmark US 10-year Treasury yields only 1.4%, and its total return-interest plus price changes-is negative 2.3%. Which would Cathie Wood rather invest in over the next 10 years: large-cap companies as a whole, or US Treasurys? Her answer: the guvvies. ![]()
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