Need to Know: Given up on Wall Street? Here’s how stocks could rally 20% next year, says veteran analyst

Just two weeks of 2022 to go and the stock market mood remains grim. The latest burst of optimism, on further evidence that U.S. inflation continues to ease, has again evaporated.

Equity investors fear that signs of economic contraction, like Thursday’s weak retail sales number, will not stop the Federal Reserve raising interest rates higher for longer. The central bank stubbornly refused to stop spiking the punchbowl, and now it is determined to make the revelers pay for drinking it.

Evidently,…