Welcome to Markets Desk, here's what's moving the conversation today.
Cathie Wood is leaning into market anxiety rather than running from it. The Ark Invest chief says she quote always feels better when the market is worried, pointing to what she calls a wall of worry gripping equities right now. For Wood, widespread fear signals room to run, not reason to retreat.
Shifting to the energy sector, Bloom Energy is navigating a complicated landscape after Texas voters ousted Governor Greg Abbott in favor of Democrat Gina Hinojosa, who campaigned on curbing data center expansion. That's a direct headwind for Bloom, which sells power systems to exactly those facilities, though the company appears to be finding offsetting momentum in international markets.
And in the dairy aisle, a quiet disruption is reshaping consumer staples. Cottage cheese sales have more than doubled since two thousand twenty one, driven by the protein-maxxing trend sweeping social media and grocery shelves alike. Cream cheese brands are feeling the pressure directly, with one industry voice putting it bluntly — we're losing to cottage cheese.
That's the tape. Markets Desk, signing off the floor.
