U.S. tech investor Cathie Wood is urging Donald Trump's administration to enhance economic growth by backdating tax cuts to January 1, 2025.
Impact on ARK Innovation Fund
Wood’s flagship ARK Innovation fund surged 17% following Trump’s election victory, fueled by expectations of beneficial policies for its holdings. Tesla and Coinbase, key stocks in the fund, have shown significant growth since November 6.
Support for Trump's Economic Platform
Cathie Wood publicly supports Trump's economic platform, emphasizing its focus on innovation and deregulation. She believes that retroactive tax cuts would provide market certainty.
Tariff Policy Plans and Innovation
While Wood generally opposes tariffs, she views Trump's tariff threats as a negotiation tactic. She also identifies AI and autonomous technologies as key opportunities for investment.
Cathie Wood remains optimistic about economic growth and investment opportunities under a pro-innovation policy framework.
