Arch Kathy Wood issues open letter to Fed

Cathy Wood, founder of ARK Investment Management is skeptical about the auto loan market

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Given the accelerated consumer shift towards electric vehicles, the residual value of autos, the $1 trillion auto loan market is likely to suffer severe losses.

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Interestingly, Elon Musk responded to Wood's tweet, indicating that he completely agrees with the notion

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Katherine Duddy Wood is an American investor and the founder, CEO and CIO of Arch Invest, an investment management firm.

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Kathy Wood's full name is Catherine D. Wood

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In 1998, with Lulu C. Wang, Wood co-founded Tupelo Capital Management, a hedge fund based in New York City

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In 2001, she joined Alliance Bernstein as Chief Investment Officer for Global Thematic Strategies.

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where he worked for 12 years, managing $5 billion

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Wood lives in Wilton, Connecticut. [8] She was divorced from Robert Wood, who died in 2018

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Wood has been vocal about how gasoline demand has been affected despite the high number of cars on the road.

Credit: cathie wood 

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