A love song for economist Fredrich Hayek

The recent blockbuster jobs report has also created a narrative that perhaps the Fed can achieve the ever- elusive ‘soft landing.’ However, as I write this blog post, the consensus is still projecting negative GDP to show up in the second and third quarters of this year.

As we look back at our best and worst calls of 2022, it seems like an opportune time to reassess the market’s behavior and our own understanding of it. Despite some predictions being correct, we wish we were more emphatic about others.