Hot Reads: ARK’s Wood Still Believes in Innovation Stocks

ARK CEO Reiterates Faith in Innovation Stocks (Barron’s)
Since last year, Cathie Wood has been warning that the Fed's interest-rate increases could break the financial system.

Traders Pile Into Bets on Gold Price Rally (Financial Times)
Options buyers see scope for further gains as banking turmoil boosts metal’s safe haven appeal.

Banks Step Up to Serve Crypto Firms (The Wall Street Journal)
Crypto executives say they have received a positive reception from regional and smaller upstart banks after the Signature and Silvergate blowups.

First Citizens to Buy SVB After Biggest Bank Failure Since 2008 (Bloomberg)
The deal to settle SVB’s fate could help tamp down some of the turmoil that has engulfed the financial world.

A Tale of Two Banks (Jackson Hole Economics)
Is the Fed losing control of the money supply and inflation in its efforts to combat inflation?

Global Markets Rallied Last Week—Except for Property Shares (The Capital Spectator)
REITs have struggled this year, and the banking crisis isn’t helping the situation.

Big Tech & the Pursuit of AI Dominance (The Economist)
The tech giants are going all in on artificial intelligence. Each is doing it its own way.

The Bond Market Is Starting to Recover (Barron’s)
A big headwind for bonds—whose prices move inversely to their yields—has been the Federal Reserve’s aggressive rate-tightening program.