- Denmark’s asset manager Saxo Bank has released a list of its provocative forecasts for the markets in 2022.
- These include Spotify stock sliding because musicians use NFTs to be part of the revenue.
- Another forecast shows that US inflation is rising to 15% and the Fed is delaying the rise in interest rates.
NFTs, which handle the music industry from Spotify, are raising double-digit inflation in the US, and women entrepreneurs are working together to put an epic pressure on “patriarchal companies” for Saxo Bank’s 2022. Includes provocative market predictions.
The annual list of Danish asset managers is the subject of a revolution this year and includes some far-reaching scenarios as well as more understandable scenarios.
“As cultural wars spread around the world, the question now is not whether we bring about a socio-economic revolution, but when and how,” he said.
Of his 10 predictions:
Spotify stock slide
The bank said the music industry could be revolutionized as more musicians embrace NFTs, or non-fungible tokens, to sell their songs, a move that would allow streaming platforms such as Spotify and Apple Music. There may be danger. The NFT market has grown to $ 15 million capitalization this year on the back of rapid growth in digital asset sales.
The bank sees an NFT-based music service backed by notable artists that sank Spotify stock by 33% in 2022, as the challenger paints a “dark” future for the streaming giant. Spotify is already down by about 28% by 2021.
“[By] Taking advantage of NFTs, especially through ‘smart contract’ blockchains, artists can distribute music directly to the audience without cutting back on centralized mediators, while realizing their earnings in real time – even Payments are also being made in real time – and listeners are enjoying this knowledge. The money they’re paying is going straight to the artist, “wrote Mads Eberhardt, a cryptocurrency analyst at Saxo.
Eberhardt said that labels and streaming platforms account for 75% to 95% of the revenue paid for listening to streamed music. Musicians have already begun supporting corrupt schemes. Singer Katy Perry, rapper Nass, and electronic music duo The Chainsmokers participated in a $ 5 million fundraising round for Audius this year, a blockchain-based music platform.
The US Consumer Price Index rose 6.2 percent in October, the highest level since 1990. Saxo Bank predicts further rate hikes next year, reaching more than 15 percent for the first time since World War II, largely due to labor shortages. American manpower.
Christopher Dembeck, head of macroeconomics at Saxo Bank, said rising inflation would signal a “very, very slow move” by the Federal Reserve to tighten monetary policy, which could hurt US equity and credit markets. There will be “extreme fluctuations”. “The JNK high yielding ETF falls by 20% and the VIXM mid-curve fluctuating ETF increases by 70%,” he wrote.
Dembak added that the corona virus epidemic had “caused a great deal of awareness among workers.” “They feel they are now more empowered than ever in sectors and income segments. They demand a better experience: better working conditions, higher wages, more flexibility and a sense of purpose from work.”
The Women’s Red Army is forced to change its stock.
Another provocative prediction from Saxo Bank is that women on the social media platform Reddit are using tactics used by the so-called Reddit Army on meme stocks to tackle issues of gender inequality in corporations. Such problems involve women who earn an average of 20% less than men in the same positions, leaving them with less disposable income for investment.
Althia Espinozi, senior fixed-income strategist at Saxo Bank, said the “Women’s Red Army” would see women merchants shorten the stocks of selected “patriarchal companies” and coordinate a long period of pressure. He added that the group would also provide funding to companies with the best matrix in terms of representation of women in middle management and executives.
“The movement achieves real results because the broader market captures and incorporates the theme, which in turn lowers the company’s target prices, forcing companies to change their ways,” Espinoza said.