Cathie Wood: “We're moving from a rolling recession into a recovery”

Economic Outlook - The effective corporate tax rate in the United States is expected to be roughly 10% for the next three years [1] - The industry anticipates a shift from a rolling recession to a recovery, followed by a productivity-driven boom [1] - The industry believes productivity will act as a potent anti-inflationary force [1] - The industry would not be surprised to see inflation well below 2% next year [2] Historical Comparison - The analysis draws parallels to the 20 years leading up to the tech and telecom bubble, noting strong real growth and surprisingly low inflation during that period [2]