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.
Patrick T. Fallon/Getty Images
- 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...
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