ARK Invest’s Cathie Wood says the U.S. is already in a recession

Written by on June 28, 2022

Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Bitcoin 2022 conference in Miami, Florida, U.S., on Thursday, April 7, 2022.

Eva Marie Uzcategui | Bloomberg | Getty Images

Ark Invest CEO Cathie Wood said Tuesday that the U.S. is already in an economic downturn, and she admitted that she underestimated the severity and lasting power of inflation.

"We think we are in a recession," Wood said on CNBC's "Squawk Box" Tuesday. "We think a big problem out . . .

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