Cathie Wood declares ‘golden age’ for equities after bumpy ride

It’s been far from smooth sailing for Ark Invest’s Cathie Wood, but the high-profile investor says the sharemarket is in the early stages of a golden era, fuelled by a technology revolution that will accelerate economic growth and potentially even push the United States into deflation.

Wood, who oversees $US16 billion ($22 billion) across a suite of funds, has polarised investors across the globe with her bold calls on high-profile tech stocks such as Tesla – which she expects will eventually be bought by SpaceX – that have generated both mammoth returns and heavy losses for her growing army of followers.

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