Cathie Wood: The US stock market may迎“Golden Age” in the next three years, with technology and crypto assets becoming dual engines

In the first month of 2026, the US stock market is brewing change amidst calmness. The Federal Reserve's interest rate policies, geopolitical fluctuations, and corporate earnings expectations are intertwined, as investors strive to find direction.

However, Kathy Wood, CEO of Ark Invest, known as “Wood Sister,” recently painted an attractive picture for the market. She publicly stated that the US might experience an “Enhanced Reaganomics” in the next three years, potentially ushering the stock market into another “Golden Age.”

01 Macro Prophecy: The Return of the “Golden Hair Girl” Economy

Kathy Wood's optimism is not unfounded. Based on her analysis of policy trends and technological cycles, she proposed a specific “Golden Hair Girl” economic scenario.

She predicts that by 2026, the US real GDP growth rate could approach 5%, accompanied by a decline or even deflation in inflation.

The core driver of this judgment comes from an AI-led productivity explosion. Wood points out that growth driven by technology is inherently disinflationary, which is in stark contrast to the market's common belief that “growth will trigger inflation.”

She expects oil prices could further decline by 20% to 25%, along with a decrease in unit labor costs, all of which will be key indicators of inflation falling more than expected.

She compares the current economic environment to the “Golden Hair Girl” periods of the 1980s and 1990s, believing that policies such as deregulation, tax cuts, and prudent monetary policy will reignite the vitality of the private sector.

02 Investment Strategy: Going with the Trend, Focusing on Disruptive Innovation

Macro forecasts need to translate into concrete investment actions. Kathy Wood and her Ark Invest are known for aggressively investing in “disruptive innovation.”

In 2025, her flagship fund ARKK achieved a 35.5% annual return, nearly double the S&P 500's gain during the same period, making a remarkable comeback.

Entering 2026, her portfolio adjustments more clearly reflect her investment logic. She has significantly and systematically increased holdings in companies within gene editing and genomics, covering the entire frontier industry chain from gene therapy to synthetic DNA.

She believes that five major platforms—AI, robotics, energy storage, blockchain technology, and multi-omics sequencing—are converging explosively, reshaping future paradigms in health, lifestyle, and industry.

03 Core Holdings: From Tesla to Emerging Tech Stocks

Kathy Wood's investment portfolio is the best window into her future predictions. Among them, Tesla holds a pivotal position as her long-term core holding.

Her investment logic for Tesla has long gone beyond electric vehicles. She believes that by 2030, autonomous taxi networks will account for 90% of Tesla's valuation, defining it as “the world's largest AI project.”

Recently, her specific buying actions have also attracted attention. For example, on January 14 (local time), she increased holdings in chip giant Broadcom, buy-now-pay-later company Klarna, and autonomous truck technology firm Kodiak AI.

These moves show that she is, on one hand, deploying AI infrastructure with proven commercialization capability (like Broadcom), and on the other, betting on future disruptors in transportation and consumer finance.

04 Crypto Perspective: Bitcoin's Role Is Crucial

In her macro narrative and investment landscape, Bitcoin and crypto assets occupy an indispensable position. Kathy Wood has repeatedly emphasized that Bitcoin is the “ultimate diversification tool” in a portfolio, with correlations to traditional assets (stocks, bonds, gold) approaching zero.

She even states that, considering its potential to optimize risk and return, asset allocators now have a “fiduciary responsibility” to consider crypto assets.

Her views extend to policy levels as well. She predicted that the Trump administration might launch an ambitious plan—purchasing 1 million Bitcoins on the open market as a national strategic reserve.

If realized, this move would fundamentally alter the supply-demand structure of Bitcoin as a scarce asset and reshape the global financial reserve landscape.

05 Investment Insights: How to Position in the “Golden Age”?

For ordinary investors, Kathy Wood's perspective offers a clear clue to understanding future trends. All her judgments are based on a single belief: humanity is at the starting point of the largest technological upheaval in history.

This wave is driven by five major technological platforms: AI as the brain, robotics as the body, energy storage as the power, blockchain as the trust foundation, and multi-omics sequencing as the life detector.

This means investment thinking needs to shift from traditional “value discovery” to “future definition.” The market may continue to assign extremely high valuation premiums to “hardcore tech” companies capable of defining future industry rules, even if they are not profitable in the short term.

In a world profoundly transformed by technology, the unique attributes of crypto assets—decentralization, censorship resistance, global liquidity—may become important tools for hedging against uncertainties in the traditional financial system. This aligns with Kathy Wood's view of them as the “ultimate diversification tool.”

Future Outlook

When Cathie Wood increased her holdings in Kodiak AI, a company with only 10 test trucks for autonomous driving, the market was initially puzzled.

But soon, the stock prices of commercial aerospace, brain-computer interfaces, and next-generation AI companies began to ignore traditional valuation frameworks, soaring astonishingly.

Capital's choices are unprecedentedly aligned, no longer satisfied with profit-sharing in the existing world, but collectively rushing toward an undefined incremental future.