Cathie Wood's stock market outlook: Why she's unfazed by 3 big worries

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Cathie Wood breaks down why she was 'very comfortable' as the stock market got rocked by last week's bond sell-off — and shares her outlook for what happens after the tech rout

last year to as high as $58,000 in February before dropping back to just over $49,000 on Monday.

"Think about the energy consumption of the traditional financial world," she said."What bitcoin is using in terms of energy right now, which is mostly renewable, hardly measures up at all to that." Wood said she observed that as inflation and interest rates continued to fall over the past decade, S&P multiples tended to hit a ceiling somewhere in the 20 to 25 times multiple range. That meant the market corrected every time multiples hit that range.

To counter that, Wood invoked the liquidity of bond ETFs during the 2008-2009 bond crisis during which bond ETFs were providing liquidity even though the underlying bond market stopped functioning.

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