Cathie Wood's $2 billion loss shows the Fed burst the 'speculative bubble' in stocks, top JPMorgan strategist says

Cathie Wood revealed Tuesday that her flagship fund lost $2 billion last year.

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• Cathie Wood revealed Tuesday that her flagship fund lost over $2 billion last year.
• Her struggles sum up how rising interest rates are affecting markets, according to the CEO of JPMorgan Asset Management.
• “When the Federal Reserve hits the brakes, something goes through the windshield,” George Gatch said.

The massive losses suffered by Cathie Wood's...