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Ari Wald's Big Numbers - 2022 Outlook

  • Oppenheimer & Co. Inc.
  • January 5, 2022

Oppenheimer Chief Market Technician Ari Wald predicts the S&P 500 to ping-pong its way toward 5,100 in 2022. Midterm year headwinds suggest a 10+% pullback along the way. A June or September quarter bottom would set the stage for a meaningful opportunity ahead of the “sweet spot” of the US Presidential cycle which starts in the December quarter.


Keeping with one of our long-standing traditions, Oppenheimer offers our year-ahead outlook by identifying what we expect to be 10 of the most important market numbers for 2022. To highlight a few of them:

  1. 1.35% as key support for the 10-year US Treasury Yield
  2. $1,750/oz as key support for the price of Gold
  3. $77/barrel as midpoint for the price of WTI Crude Oil
  4. 4,275 as downside risk for the S&P 500 Index

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