Nearly all of Wall Street – and the Fed – botched calls for 2022 as stocks, Treasuries, bitcoin slump in tandem


Source: scmp.com scmp.com

Key Topics in this News Article:

News Snapshot:

So far 2022 has been a year where just about everyone on Wall Street got it wrong . As did the Fed and a cadre of global central banks. Back in December, strategists at the world’s top investment firms like JPMorgan Chase predicted the S&P 500 would gain 5 per cen in 2022. Economists saw the US 10-year Treasury yield hitting 2 per cent on average by the year’s end. And even Goldman Sachs lent credibility to the claims bitcoin was on track to hit US$100,000. Yet six months later, an unprecedented confluence of shocks has ended one the most...