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2022 Macro Update and Second Half Outlook in (Mostly) Charts
Key Insights
- Yes, the current inflation situation really is transitory.
- Housing and transportation costs are significant contributors to high inflation, they are starting to roll over and will halt price hikes.
- No, inflation issues are not completely going away. We will settle at a new permanently higher level of prices along with 3-4% YoY inflation rates.
- Regardless, we are in for much higher short-term rates and tighter monetary policy.
- The stock market and economy are in danger of a severe downturn.
- Despite pessimism for the broader market, there is still reason to be optimistic about crypto in the second half of 2022
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Tom is a Sr. Research Analyst at Messari. His primary focus is on Layer-1's as well as the relationship between traditional finance and crypto. Prior to joining Messari, Tom worked in Investment Consulting at Meketa and Investment Management at SSGA. Tom studied Finance at Bentley University and earned his CFA and CAIA Charters.
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