In early 2022, two of Wall Street's largest volume of stock Marko Kolanovic and John Stoltzfus believed that the Fed would be slow and very slow in the interest rate hike plan.Although the inflation rate has soared to the highest level in 40 years, it is okay.They said that interest rate hikes will be gradual, and the small financial markets are almost impossible to feel.

Therefore, Kolanovic, co -supervisor of JP Morgan Chase Global Research, predicts that the stock market will rise in full.He and the team set the target of the S & P 500 index at the end of 2022 at 5050 points.OPPENHEIMER chief investment strategist Stoltzfus is bolder: 5330 points.

Their predictions are more than 1,000 points from the actual situation.

They all belong to well -known companies, and they are also well -known people. Now they have become representatives of Wall Street who can't be caught off guard by the change.The outbreak of the inflation exploded in 2022 to surrender the entire investment world. Except for a few exceptions, the best and smartest people in the stock market and bond markets had unexpectedly expected.They failed to expect how the Fed will react -the speed of interest rate horses and whipped, rather than gradual progress -how the interest rates have risen and how to trigger stocks and bond market synchronization at least since the 1970s.In addition.

There are 865 active management stocks of at least US $ 1 billion (about 1.34 billion yuan) in the United States.They lost 19%in 2022.Hedge funds that prefer stocks have also been hit.In terms of bonds -consisting of 200 similar funds -average decline of 12%.Most of these performances are not as benchmark indexes that they use to measure their performance.Among them, the worst performance is Western Asset Management's largest common fund Core Plus Bond Fund.

The company's chief investment officer Ken Leech firmly believes that the Fed will take your time, just like Kolanovic and Stoltzfus.He predicted at the end of 2021 that the Federal Reserve may not even raise interest rates at all in 2022.The fund size was US $ 27 billion and lost 18%.Its performance lags behind the 99%comparable fund.