As the calendar rolled from 2021 to 2022, Global Market Perspective warned that stocks and bonds were setting up for major declines. Our analysts based these forecasts on completed Elliott wave patterns, accompanied by record-setting extremes in investor sentiment.
Here’s what happened during 2022, as published in the January 2023 issue of Global Market Perspective.
Global stock and bond markets lost more than $30 trillion. This Bloomberg chart shows 20 years of data but, according to the Financial Times, the past 12 months were the worst ever for a combined portfolio of stocks and bonds with data going back to 1871. (FT, 12/29/22)
