Cathie Wood: Big investment cycle and deregulation will be very good for financial markets this year

• The US economy is a 'coiled spring' due to factors like tax cuts, big refunds, corporate tax cuts, deregulation, and lower interest rates/inflation.
• Financial markets are expected to perform 'very good' this year, with double-digit returns, even with multiple compression due to productivity gains.
• ARK's key themes for 2026 include AI, Robotics & Space, Energy, Blockchain, and Biology.
• ARK avoids large positions in 'hyper-scalers' (like the 'Mag 6') due to changing shareholder bases, huge capital spending, and anticipated declining returns on invested capital for these companies.
• ARK focuses on less well-known 'pure play future winners' in technologically enabled disruption, noting that the market is beginning to broaden out beyond the 'Mag 6'.

Cathie Wood discusses her 'Big Ideas for 2026' and her market outlook, describing the US economy as a 'coiled spring' poised for growth. She anticipates a positive year for financial markets, driven by deregulation, tax cuts, and lower inflation, leading to double-digit returns despite potential multiple compression. ARK Invest focuses on pure-play future winners in disruptive innovation, moving away from hyper-scalers.