**Response to @CathieDWood:** Tonight the FDIC (Federal Deposit Insurance Corp) announced that all depositors, both insured and uninsured, at SVB and Signature Bank, will be made whole while equity and bond holders are wiped out. Why, I wonder, will equity and bond investors remain loyal to regional banks? https://nitter.moomoo.me/CathieDWood/status/1635259826182955008#m

**Response to @CathieDWood:** Deposits are leaving banks to take advantage of higher yields in money market and other funds. At Silicon Valley Bank, start-ups were responding to a drought in venture capital funding by draining deposits to fund their operations. https://nitter.moomoo.me/CathieDWood/status/1635259824220024832#m

**Response to @CathieDWood:** Many banks parked the COVID stimulus gusher in long term bonds at record low 1-2% interest rates, never expecting the Fed funds rate to surge a record-breaking 19-fold to 4.75% in less than a year. Now deposit outflows are forcing them to sell “safe” securities at losses. https://nitter.moomoo.me/CathieDWood/status/1635259822630379520#m

US demand deposits - which make up the vast majority of M2 - have been falling since last August. Now we are seeing the consequences of the yield curve inversion that began last July, which I feared last September and described in the thread below. The inversion has worsened. nitter.moomoo.me/CathieDWood/status/1574513481436520461#m (https://nitter.moomoo.me/CathieDWood/status/1574513481436520461#m) https://nitter.moomoo.me/CathieDWood/status/1635259814292123649#m

**RT @ARKInvest:** A brand new episode of "In The Know" with @CathieDWood (https://nitter.moomoo.me/CathieDWood) is coming tonight! Subscribe to our YouTube channel to be notified when it goes live. piped.moomoo.me/channel/UCK-zlnU… (https://piped.moomoo.me/channel/UCK-zlnUfoDHzUwXcbddtnkg) https://nitter.moomoo.me/pic/card_img%2F1633197148928917517%2Ff-lUAd4o%3Fformat%3Djpg%26name%3D420x420_2 https://nitter.moomoo.me/ARKInvest/status/1634313363063799808#m

As Art Laffer postulates in his latest book, “Taxes Have Consequences”. Given Biden’s latest budget proposals, the great migration to low or no tax states like FL and TN and, in my view, to countries hungry for innovation in Asia and elsewhere is likely to accelerate. nitter.moomoo.me/KobeissiLetter/status/1633879279917252608#m (https://nitter.moomoo.me/KobeissiLetter/status/1633879279917252608#m) https://nitter.moomoo.me/CathieDWood/status/1634053040348053506#m

Provocative. During the last few years, I have expressed my frustration with Google search, deeming it primitive AI, notwithstanding Alphabet’s DeepMind expertise. OpenAI/Microsoft’s ChatGPT is the “iPhone moment” of this decade, changing everything. Disruptive innovation! nitter.moomoo.me/wintonARK/status/1633537244748468224#m (https://nitter.moomoo.me/wintonARK/status/1633537244748468224#m) https://nitter.moomoo.me/CathieDWood/status/1633631156749910018#m

On @CNBC this week, @SaraEisen asked if #Tesla is cutting prices in response to competition. After investor day, @skorusARK illustrated that Tesla is passing along drivetrain cost declines that will cut the price of the Model 3 in half to $25,000, undercutting competition! nitter.moomoo.me/skorusARK/status/1631082501992075264#m https://nitter.moomoo.me/CathieDWood/status/1631526746620084224#m

**RT @ARKInvest:** We're excited to welcome Daniel to the ARK team! Give him a follow! nitter.moomoo.me/DMaguireARK/status/1630965281077055488#m https://nitter.moomoo.me/ARKInvest/status/1630966176519004162#m