On March 24th, Cathie Wood, founder of ARK Invest, said that the United States has fallen into a rolling recession (different industries rotating recession). Cathie Wood is pessimistic about the short-term prospects of the US economy, but expects the Federal Reserve and the Trump administration to take action soon. Cathie Wood pointed out that Trump's tariff crackdown and layoffs are forcing American households to tighten their wallets, and the fear of unemployment has caused the savings rate to soar and the consumption engine to suddenly stall. She revealed that ARK Invest has recently bucked the trend of bottom fishing for cryptocurrency-linked assets such as Tesla, Coinbase and Robinhood, and believes that "technological disruption will bring benign deflation."