This video features Professor Scott Galloway discussing his market predictions for 2022. He reflects on his accuracy from the previous year and outlines his key forecasts for the upcoming year, particularly focusing on the "Zuckerverse" and the broader market's potential shift back towards fundamentals.
Professor Galloway's primary stock prediction for 2022 revolves around a significant market correction or "pop" of the existing bubble, driven by a "reattachment to fundamentals." He specifically calls out the "Zuckerverse" (Meta's metaverse) as a potential major tech fallout, suggesting that the "Appleverse" is more likely to dominate the metaverse landscape due to higher adoption of Apple's hardware like AirPods compared to Meta's Oculus.
He also predicts a broader shift away from speculative "story stocks" and "movement-driven" stocks, which saw significant gains in 2021. Stocks like GameStop, Rivian, and even Tesla are mentioned as examples of companies with valuations that seem disconnected from their fundamental business performance. He anticipates that these overvalued stocks will experience significant pain as the market returns to valuing companies based on earnings, future earnings streams, and traditional metrics rather than just narrative or hype.
