Good Riddance: everything Wall Street won’t miss about 2021


In fact, most conversations about inflation have gotten boring.

“It’s the first time he’s reached this level in 40 years, it’s the only thing we’ve talked about for six to nine months,” said Ross Mayfield, investment strategy analyst at Baird.

Convinced that the bottlenecks will ease by the second half of 2022, Kim Forrest, chief investment officer at Bokeh Capital Partners, wants to ban any discussion of supply chains.

“Oh my God, just let the supply chain go. I don’t even want to think about it, ”Forrest said. If a viewer played a drinking game every time someone said “supply chain” on the morning TV news, the pourer “would have been broken at nine in the morning.”

Go ahead, Memes

Brian Nick, chief investment strategist at Nuveen, said that in a year when “investing in bread and butter” via the S&P 500 led to double-digit returns, market experts have spent far too much time talking about speculative investing.

Yes, GameStop Corp. jumped over 1,600% at one point, and the market valuation of the cryptocurrency meme Dogecoin briefly overtook that of companies like Moderna Inc. and General Motors Co., but Nick is happy to leave those conversations behind. .

“If you focus too much on the enormous volatility of this small number of speculative assets, you are missing the very good news of how successful sticking to your plan has paid off this year,” he said. .

Fueling the gains of speculative assets in 2021 was a pervasive bearish buy mentality that continued to reward investors who followed suit. Mike Zigmont, head of trading and research at Harvest Volatility Management, worries that a “buy first, think later” mentality could hurt long-term investors if the market corrects significantly.

“I don’t mind buying cash if it’s a thoughtful action, but over the past couple of years it’s become a reflective action,” Zigmont said. “And that’s what bothers me.

Enough already, NFT

It’s impossible to look back to 2021 without acknowledging that cryptocurrencies and blockchain have dominated conversations. Victoria Greene, founding partner and chief investment officer at G Squared Private Wealth, is eager to shed one of its ramifications: non-fungible tokens and promises that digital artwork will be the next big asset class.

“NFTs are essentially digital art, but not all art has value,” Greene said. “My five-year-old niece can make a pretty picture that is valuable to me, but that doesn’t necessarily mean it is really valuable.”

Get lost, zoom in

Stepping away from the trading screen, David Bianco, Director of Investments for the Americas at DWS Group, really wants to start meeting people in real life again.

“What I would like to leave behind are the Zoom calls, my masks, the embarrassment of meeting someone – do we nod, say hello, meet? shake hands, let’s kiss? It’s been a really strange year in terms of social interactions, ”he said. “So, I can’t wait to see people in person. “

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