Cathie Wood: Strong August Jobs Report Signals Tech-Driven Deflation

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Cathie Wood cited the strong August jobs report as evidence of tech-driven deflation, with 162,000 nonfarm payrolls added and over 500,000 from household surveys. Rising weekly hours and macro-driven volatility suggest a shift toward real growth. Wood views this as a positive signal for liquidity and crypto markets, indicating a potential easing of Fed tightening pressures.

ChainCatcher report: Cathie Wood, founder of ARK Invest, posted that Friday’s jobs report was strong, with non-farm payrolls increasing by 162,000 and household survey employment rising by over 500,000, alongside a longer average workweek—indicating a robust August economy. Wood noted that while many expect higher inflation and further Fed tightening, she sees a much larger shift. Overall inflation stands at 3.7%, but other metrics are closer to 2%. Oil prices may fall toward $30, while stocks have reached record highs despite rising interest rates, capital expenditures have broken through a 20-year ceiling, Bitcoin is decoupling from gold, and companies embracing AI are creating jobs at a faster pace. She said these are not isolated signals but may mark the beginning of stronger real growth and powerful technology-driven deflation. The consensus is pricing in the old economy; she believes a new economy is taking shape.

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