Full record

Hitmarkets

The US stock market experiences a large pullback once the Federal Reserve publicly admits interest rates must rise significantly

A scored prediction by Tom Nash, made on .

VideoQuote from the original sourcemarketseconomy

Scored prediction

Hitmarkets

it's gonna be a massive pullback in the market

The US stock market experiences a large pullback once the Federal Reserve publicly admits interest rates must rise significantly

Made on
2022-01-05
Outcome
Hit
Importance
4 / 5
Effect on score
+3.82

What counted as right

Status
resolved
Settled on
2022-10-12

A broad US equity index (S&P 500) declines ≥10% peak-to-trough during 2022 following the Fed's acknowledgment that rates must rise significantly.

The ≥10% peak-to-trough decline was first reached in late February 2022 (correction) and ultimately deepened to 25.43% by the 2022-10-12 trough. resolved_on set to the trough date that completes the peak-to-trough measurement; the ≥10% criterion itself was met earlier. Decline clearly followed the Fed's public acknowledgment (Q1 2022) that rates must rise significantly, matching the record's conditional structure.

Sources

  • Inflation is a major concern, but it will NOT destroy the U.S. economy

    YouTube ·

    Source

Evidence of what happened

  • The S&P 500 peaked at a closing high of 4,796.56 on 2022-01-03 and fell to a closing low of 3,577.03 on 2022-10-12, a peak-to-trough decline of 25.43% during 2022 — far exceeding the ≥10% threshold. The drawdown was driven by the Fed's aggressive tightening after it acknowledged rates had to rise significantly; the index was officially confirmed in a bear market (down >20%) on 2022-06-13.

    Evidence

Corrections

No public corrections.

Effect on the score

+3.82
How sure they sounded
85%
Outcome
Hit
Importance
4 / 5

This page shows the scored prediction as published; the site doesn't recompute or adjust the score.

Where this came from

The US stock market experiences a large pullback once the F…
Methodology version
v1.0.0
Last computed
August 2, 2026
Made on
2022-01-05

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