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- Cathie Wood revealed Tuesday that her flagship fund lost over $2 billion last year.
- Her struggles sum up how rising interest rates are affecting markets, according to the CEO of JPMorgan Asset Management.
- “When the Federal Reserve hits the brakes, something goes through the windshield,” George Gatch said.
The massive losses suffered by Cathie Wood's Ark Invest show that the Federal Reserve's aggressive interest-rate hikes have burst the bubble in stocks, according to the CEO of JPMorgan Asset Management.