Wall Street is positioned for stagflation. Cathie Wood thinks they have it backwards. In this month's "In The Know," ARK Invest CEO/CIO Cathie Wood lays out a framework where we believe inflation surprises lower (not higher), the dollar rallies (not crashes), the rolling recession ends, AI drives structural deflation the bond market is only starting to price, and a 30+ year base in US capital spending just broke to the upside. Real-time inflation: ~1%. Yield curve: flattening despite oil up 57%. Housing: 1. ...

I mean overnight developments. There was an excuse to take risk off the table into the weekend, I suppose, but markets haven't necessarily taken up that opportunity. Yes, we saw oil prices spike.They are a little elevated, but not by much. U.S. futures pointing higher. How do you think about the market's response to what has been an uptick in in violence in the Strait of Hormuz.I think it makes sense, and I think we'll continue to see higher prices in equities next week. Uh, I thought that clip that you jus ...