“Inflation surprises lower (not higher), the dollar rallies (not crashes), the rolling recession ends, AI drives structural deflation the bond market is only starting to price, and a 30+ year base in US capital spending just broke to the upside — with official CPI readings expected to 'surprise on the low side' over the next six to nine months.”
Founder, CEO and CIO of ARK Invest
Said May 2026Deadline Dec 31, 2026ARK Invest, 'A 30-Year Pattern Reversed: Inflation & AI Outlook' — In The Know with Cathie Wood, May 2026
Judged on end-2026 US CPI prints versus consensus at the time of the call, the trade-weighted dollar, and whether the housing/manufacturing 'rolling recession' ends; Wood framed the inflation leg as a six-to-nine-month call.