Nearly All of Wall Street – and the Fed – Botched Calls for 2022

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. Skiptocontent Skiptocontent BloombergtheCompany&ItsProductsTheCompany&itsProductsBloombergTerminalDemoRequestBloombergAnywhereRemoteLoginBloombergAnywhereLoginBloombergCustomerSupportCustomerSupport BloombergUKSwitchEditionsUKEuropeUSAsiaMiddleEastAfrica日本SignInSubscribeLiveNowBloombergTV+BloombergWallStreetWeekDavidWestinspeakswithtopnamesinfinanceabouttheweek'sbiggestissuesonWallStreet.BloombergRadioBTVSimulcastSimulcastofBloombergTelevisionListenQuicktakeHelloWorldAshleeVanceexploresinnovationsinnewtech,software,engineering,andscienceinplacesoutsideofSiliconValley.AlsostreamingonyourTV:MarketsMarketsEconomicsDealsOddLotsTheFIX|FixedIncomeETFsFXFactorInvestingAlternativeInvestingEconomicCalendarMarketsMagazineMarketsHongKong’sFinancialChieftoStayasNewLeaderPicksCabinetSupplySqueezeShoppersAreFacingShortagesofBeertoPopcornThisSummerMarketDataStocksCommoditiesRates&BondsCurrenciesFuturesSectorsFollowBloombergMarketsViewMoreMarketsTechnologyTechnologyWorkShiftingCodeWarsCheckoutPrognosisTechnologyAppleStoreWorkersinMarylandBecomeFirstinUStoUnionizeTechnologyAerojetCEO’sBoardCandidatesBackedbyISSinProxyFightFollowBloombergTechnologyViewMoreTechnologyPoliticsPoliticsUSUKAmericasEuropeAsiaMiddleEastPoliticsUSRejectsChina’sClaimsOverTaiwanStraitasConcernsGrowPoliticsJapanCabinetApprovalRatingFallsAsWorriesMountonPricesFeaturedNextChinaFollowBloombergPoliticsViewMorePoliticsWealthWealthInvestingLivingOpinion&AdviceSavings&RetirementTaxesReinventionWealthAmerica’sTop1%Lose$1.5TrilliononStocksBeforeBearMarketWealthGoldBillionairetoMoonlightasDJatSold-OutCairoClubFeaturedHowtoInvestFollowBloombergWealthViewMoreWealthPursuitsPursuitsTravelAutosHomesLivingCultureStylePursuitsLedeckyReclaims400TitleAtSwimmingWorlds,EyeingMorePursuitsNaomiOsakaWon'tPlayatWimbledon,CitingAchillesTendonFeaturedScreentimeNewYorkPropertyPricesWheretoGoin2022FollowBloombergPursuitsViewMorePursuitsOpinionOpinionBusinessFinanceEconomicsMarketsPolitics&PolicyTechnology&IdeasEditorialsLettersLisaAbramowiczWhyIstheCostofRentGoingUp?AsktheFedBrookeSampleExtraFeesAreAddingInsulttoConsumers’InjuryStephenMihmWhyIsItSoHardtoFindaDecentPublicBathroom?FollowBloombergOpinionViewMoreOpinionBusinessweekBusinessweekTheBloomberg50BestB-SchoolsSmallBusinessSurvivalGuide50CompaniestoWatchGoodBusinessSubscribetotheMagazineBusinessAdultsWhoLoveToys?TheToyIndustryLovesThem,TooBusinessESPN’sNHLDealShowsBroadcastersaNewWaytoProfitFromSportsRightsFeatureAmerica’sConventionCenterKingsWantYouWearingLanyardsAgainFollowBloombergBusinessweekViewMoreBusinessweekEqualityEqualityCorporateLeadershipCapitalSocietySolutionsEquality‘BankingWhileBlack’IstheNextTargetforCivilRightsLawyerEqualityNYCMayorAdamsAllocates$6.7MillionTowardLGBTQSocialServicesSocietyAQuarterofAllAbortionClinicsWouldCloseinUSIfRoeIsOverturnedFollowBloombergEqualityViewMoreEqualityGreenGreenScience&EnergyClimateAdaptationFinancePoliticsCulture&DesignGreenYellowstoneNationalParktoPartlyReopenAfterFloodsESGInvestingESGFundsResistWorstofDownturnButInvestorsAreSpookedFeaturedDataDashHyperdriveFollowBloombergGreenViewMoreGreenCityLabCityLabDesignCultureTransportationEconomyEnvironmentHousingJusticeGovernmentTechnologyCultureTheMuseumSeeking toUnlockaWar-HitNation’sMineralWealthJusticeRikersJailReplacementPlanPitsChinatownAgainstNewYorkCityTransportationWithoutCommuters,USTransitAgenciesAreRunningOutofOptionsFollowBloombergCityLabViewMoreCityLabCryptoCryptoDecentralizedFinanceNFTsRegulationTechnologyCryptoDeFiPlatformMakerDAOPausesSomeAave-RelatedLendingActivityCryptoMemoriesofBitcoin-BeatingReturnsKeepHexHoldersHangingOnCryptoMuskSignals‘MaybeMoreDowntheRoad’forDogecoinAfterMerchFollowBloombergCryptoViewMoreCryptoMore MarketsNearlyAllofWallStreet–andtheFed–BotchedCallsfor2022Selloffdefiesyear-endpredictionsbystrategists,economistsAllmajorfinancialassetsfall,spellingmorepainaheadPhotographer:MichaelNagle/BloombergByThyagarajuAdinarayanandSagarikaJaisinghani+FollowJune18,2022,6:00PMUTCListentothisarticle5:05SharethisarticleCopiedFollowtheauthors@Thyagu+GetalertsforThyagarajuAdinarayan+GetalertsforSagarikaJaisinghaniSofar2022hasbeenayearwherejustabouteveryoneonWallStreetgotitwrong.AsdidtheFedandacadreofglobalcentralbanks.BackinDecember,strategistsattheworld’stopinvestmentfirmslikeJPMorganChase&Co.predictedtheS&P500wouldgain5%in2022.EconomistssawtheU.S.10-yearTreasuryyieldhitting2%onaveragebytheyear’send.AndevenGoldmanSachsGroupInc.lentcredibilitytotheclaimsBitcoinwasontracktohit$100,000.LIVEONBLOOMBERGWatchLiveTVListentoLiveRadioMostReadTechnologyChinaSaysItMayHaveDetectedSignalsFromAlienCivilizationsBusinessMonkeypoxTestingShowstheUSLearnedLittleFromtheCovid-19PandemicMarketsUSEquitiesEndTurbulentWeekWithaModestGain:MarketsWrapMarketsInPrevalenceofSelling,ThisIsaMarketRoutWithoutEqualTechnologyCryptoTradersTurnAgainstEachOtherinaCollapsingMarket