ARK Invest CEO Cathie Wood is forecasting a historic economic boom driven by the incoming administration's fiscal policies, describing the landscape as “Reaganomics on steroids.”

The ‘OB3’ Stimulus Package

In a recent update to investors, Wood argued that the combination of aggressive tax cuts and deregulation under President Donald Trump will create a more powerful growth engine than the 1980s era of supply-side economics.

Wood's optimism centers on the legislative package she referred to as “OB3” (One Big Beautiful Bill). According to Wood, the bill's “smartest” feature is making tax cuts retroactive rather than phasing them in—a lesson learned from the delays that slowed the initial impact of the 40th President Ronald Reagan's policies.

“We think this is Reaganomics on steroids,” Wood said, highlighting specific provisions such as the elimination of taxes on tips and overtime pay, and a reduction in taxes on Social Security benefits.

She also noted the doubling ...