On March 24th, ARK Invest founder Cathie Wood stated that the United States has entered a rolling recession (rotating recession in different industries). Cathie Wood is pessimistic about the short-term outlook for the U.S. economy, but expects the Federal Reserve and the Trump administration to take action soon. Cathie Wood pointed out that Trump's heavy tariffs and wave of layoffs are forcing American families to tighten their wallets, the fear of unemployment is causing the savings rate to soar, and the consumption engine is suddenly stalling. She revealed that Ark Investment has recently bottomed out Tesla, Coinbase, and Robinhood, among other cryptocurrency-related assets, believing that "technological disruption will bring benign deflation."