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Arc and Kathy Wood Adapting to the New Environment?
Trey Lockerbie: Kathy Wood is back from a trip to St. Peter's, where she moved after leaving New York for the U.S. She says Arc has never been closer as it fights "the ground war" on its strategy in an environment of higher interest rates and inflation. The company doesn't believe that COVID will be embedded into the system like Chairman Volcker did during his 15-year battle with inflation. And we're going to see some of the same here when President Powell takes office next month.