Deflation Concerns Drive Fed Rate Cuts As ARK Bets On Coinbase, AI Stocks Soar
• Deflation predicted in 2024, prompting Fed to cut rates aggressively • ARK Innovation ETF has seen 70% YTD increase after concentrating on high-conviction stocks • Increased focus on companies leading in AI and technology like Meta Platforms • Gene editing technologies like CRISPR have huge potential but are inefficiently priced • Coinbase top holding in ARK funds with 400% increase this year, replacing Tesla