Wood emphasized the fragility of the current economy, which, in her view, is more precarious than official figures suggest. Highlighting her concerns, Wood said on X, "Government statistics do not seem to be capturing how weak the economy is. Many companies are reporting shockingly weak revenues. United Parcel Service, Inc. delivery volume growth is worse today than in 2007-2009. After falling for nearly two years, it dropped another -11% last quarter." Wood further elaborated on her stance by referencing 3M Co, a company she regards as an "economic bellwether." She noted its 3% decline in global organic sales year-over-year in the previous quarter. This, she believes, indicates potential challenges for the services sector, especially with the ongoing global monetary tightening. . . #useconomy #cathiewood #arkinvest