Cathie Wood is expecting a ‘bloodbath’ in this segment of the market: ‘autos are one example of…many disturbances out there in the world order’ 

Cathie Wood is expecting a 'bloodbath' in this segment of the market: 'autos are one example of…many disturbances out there in the world order' 

Cathie Wood, the star fund manager and chief executive of ARK Invest, in a Tuesday monthly market update said that the used car market is where she is expecting possible losses after a surge in values.

She said that she wouldn’t be surprised to see “a bloodbath in the used car market,” with valuations tumbling in the coming year into 2023 as prices that have surged because of supply-chain bottlenecks and a pop in demand recede.

“We would submit that they might be looking at losses,” Wood said, referring to internal-combustion-engine car companies that managed to outperform electric-vehicle manufacturers such as Tesla Inc. TSLA, +0.59%, which is considered the vanguard of the EV wave, last year.

The comments that Wood made on Tuesday are similar to those that she expressed via a video released by the company earlier this week, where she cited rising…

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