How Will the Stock Market Do in 2022? Expect a Tough Year but Lots of

Goodbye, punch bowl. We’re going to miss you. As the Federal Reserve prepares to drain liquidity from the financial system to cool the inflation that its policies partially stoked, Wall Street’s pandemic-era party appears to be ending. Stocks, bonds, crypto, you name it—almost every asset class has hit a rough patch since 2022 dawned, and things could get worse before they begin to get better.

That’s the consensus of the 10 investors on the Barron’s Roundtable, which met this year on Jan. 10, on Zoom. The group looks for…