"I own the decision to do the layoffs, but in communicating it I blundered the execution." — Vishal Garg, CEO of Better HoldCo, apologising for the way he fired 900 employees over a Zoom call

Wall Street strategist forecasts for 2022 differ by second-most in a decade

The newly hawkish Federal Reserve and the ever-evolving virus have made life difficult for Wall Street’s stock prognosticators. Take the latest forecast from Ed Clissold, chief strategist at Ned Davis Research. He sees the potential for an earnings slowdown and tighter Fed policy to push US equities into “a shallow bear market” next year before the S&P 500 bounces back to end modestly higher.

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