UPS - Cathie Wood Sounds Alarm On US Economy Says Government Data Doesn't Capture 'How Weak' It Actually Is | Benzinga
Ark Investment Management CEO Cathie Wood shared her observations on an economic trend that seems to be slipping under the radar of government statistics.
What Happened: On Thursday, Wood emphasized the fragility of the current economy, which, in her view, is more precarious than official figures suggest.
Highlighting her concerns, Wood said on X, "Government statistics do not seem to be capturing how weak the economy is. Many companies are reporting shockingly weak revenues. United Parcel Service, Inc. (NYSE: UPS) delivery volume growth is worse today than in 2007-2009. After falling for nearly two years, it dropped another -11% last quarter."
Government statistics do not seem to be capturing how weak the economy is. Many companies are reporting shockingly weak revenues. UPS’s US delivery volume growth is worse today than in 2007-2009. After falling ...