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“Deflation, rather than inflation, will likely be the dominant theme in global markets in the years ahead due to technological innovation,” which could threaten the commodities surge, Ark Invest’s Cathie Wood said in a webinar on Tuesday.

Key quotes

“The scramble is more today than what we’ve seen in any other cycle.”

“We will have a very serious correction in commodity prices” once the global economy fully reopens.

“Yields for the benchmark 10-year Treasury will likely stay within a range between 1.5% and 3% while oil prices are unlikely to go above $70 per barrel.”

“While the investor rotation into value stocks has been “powerful,” high-growth stocks remain attractive.”

“Many consider what has happened in the last 3 months to be the equivalent of the tech and telecom bust. We do not believe that this is the case in the least.”

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