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Dennis Gartman Sees Stocks Falling 15% in 2022 on Aggressive Fed Hikes

  • Fed could raise rates over 100 basis points in 2022: Gartman
  • He says Fed will be more hawkish with new voting members
Dennis Gartman in 2011.

Dennis Gartman in 2011.

Photographer: Peter Foley/Bloomberg

Stocks could face a “slow, laborious” decline in 2022 as a result of a more hawkish Federal Reserve that may raise interest rates four times, according to Dennis Gartman. 

The University of Akron Endowment Chairman said in an interview with Bloomberg Radio Monday that stocks could trade 10% to 15% lower this year. While Gartman has long been calling for a bear market, he said the catalyst for the decline could be the central bank raising interest rates amid a continued rise in inflation.