Investor Cathie Wood predicts a ‘shudder’ in Big Tech valuations, saying higher rates may test investor faith

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Investor Cathie Wood said the U.S. economy may be in for a “shudder” as it adjusts from an environment of decreasing interest rates to one where interest rates are rising.

Wood, the CEO of ARK Invest, said sometime in the next year there will be a shift toward rising interest rates, even as the Fed is widely predicted this week to cut rates for the second time this year.