Well-known investors and titans on Wall Street, they’re already unleashing their boldest predictions for the new year. Yahoo Finance recently reported that well-known investor, Jim Rogers, who co-founded the Quantum Fund with George Soros in the ’70s. Jim Rogers has said that the next bear market, he’s predicting that will be the worst of his lifetime. He’s choosing to load up on commodities like silver for crash protection in 2022.
The article also noted that Wall Street doesn’t really seem to be all that concerned about the Omicron variant or even rising interest rates over the long term.
The article also quoted Chief Global Strategist and head of the Barings Investment Institute, Chris Smart. He said “companies will produce ample profits this year as they reinvest in their own growth and vaccines that continue to help tame new variants of the coronavirus”.
He also thinks supply chains will be normalizing and that emerging markets’ demand will benefit from global recovery. Clearly, these are two very different takes as we’re heading into the New Year.
