Wall Street Journal: “Almost everyone on Wall Street and in Washington got 2022 wrong. The Federal Reserve expected 2021’s inflation surge to be transitory. It wasn’t. … Top Wall Street analysts predicted markets would have a so-so year. They didn’t.”
“The extent to which many investors, analysts and economists were wrong-footed has left many looking at the coming year with a sense of unease. … If there is a lesson to be taken away from the past 12 months, some investors and analysts say it is this: Be prepared for more surprises.”
