Markets Are Spooked by Inflation. Cathy Wood and Elon Musk See a Bigger Issue

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The Street

By M. Corey Goldman It’s no secret that investors are worried about runaway inflation. Cathy Wood and Elon Musk see deflation as the bigger threat. It’s no secret that investors are worried about runaway prices for goods and services, with the stock market on track to post its worst weekly run since mid-June and also nearing its worst performance since the Covid-19 pandemic rolled across the U.S. more than two years ago. This week’s consumer price index numbers showing inflation running at an astonishing 8.3% annual pace as of last month all but confirmed that Federal Reserve Chair Jerome Powe…

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