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Cathie Wood Says ‘Exploding’ Inventories May Augur Weaker Prices

Catherine Wood 

Catherine Wood 

Photographer: Eva Marie Uzcategui/Bloomberg

Ark Investment Management’s Cathie Wood says “exploding” inventories at major retailers like Walmart Inc. and Target Corp. paired with declining US consumer sentiment portend slower inflation on the horizon.

The money manager was responding on Thursday to a tweet quoting world’s richest man Elon Musk saying the recent inflation surge was due to government pandemic stimulus, even as money velocity held constant.