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There is a money manager in Florida who manages an exchange-traded fund and is down 60% this year, but continues to lure investors to invest in speculative tech stocks. In Washington, the central bank is headed by a man who is not a trained economist, and even as inflation hit his 7.9% mark, he injected fresh dollars into the market as recently as March. In Russia, a dictator is waging war against a neighboring sovereign state. And then there’s the man who claims to live in a small Texas house near the Mexican border and is working to revolutionize cars, spacecraft, and now social media.
What do Kathy Wood, Jerome Powell, Vladimir Putin, and Elon Musk all have in common? MarketWatch list of the 50 most influential people in the marketThe MarketWatch 50 is a list of investors, CEOs, policy makers, cryptocurrency players and financial influencers who are making a difference from Wall Street to Washington to Silicon Valley to Reddit.
So far in 2022, the financial markets have been very tough. The US equity market, as measured by the S&P 500 SPX,
is headed for its worst year since the 2008 financial crisis. But it’s not just stocks that are going down. Bonds plummeted, cryptocurrencies crashed, and even gold underperformed. In his first 10 months of 2022, a portfolio that allocates 60% to equities and 40% to bonds will drop by 16.6%.
The MarketWatch 50 are made up of people whose actions, work and opinions are reflected in these financial markets. These are the people who help move the price of securities, commodities, currencies, or illiquid assets. Influencing the behavior and strategies of market participants. It plays a role in determining how markets are structured, regulated and operate. Ultimately it will make a big impact on your wallet. MarketWatch 50 members run large companies, hold public office, and run YouTube channels. But the market, and his MarketWatch readers, are feeling the impact in 2022.
To create our list, we asked our readers who they thought had the most impact on the market in this volatile year. circulated the names of the most likely candidates among the staff. MarketWatch reporters also followed up on promising posts and crafted their own stories while scrutinizing beats and interviewing sources. Finally, MarketWatch’s Group Editors and Editor-in-Chief produced the final list.
Vicki Hollub oversees the market’s most surprising resurgence in 2022, continuing to separate U.S. Flackers from swing producers battling rising energy prices due to war.Horab’s Occidental Petroleum oxy is the best-performing stock on the S&P 500 this year, with the help of Warren Buffett, a big fan of the company who bought over 20% of the company. Horab has returned cash to shareholders through dividends and share buybacks instead of putting those funds into the Permian Basin, the largest oil field in the United States, of which Occidental is the largest area owner. Occidental is also leading the push for new carbon capture technologies by investing in them and getting Washington to endorse them in recent legislation.
Hollub is one of 14 corporate CEOs on the MarketWatch 50, including JPMorgan Chase & Co. CEO Jamie Dimon. JPMand Apple CEO Tim Cook AAPLCook not only heads up the world’s most valuable company, but Apple’s size is being felt in the stock market more than ever. The company accounts for about 13% of the Nasdaq Composite Index and his 7% of the S&P 500.
Not everyone on the MarketWatch 50 list is having a particularly good year in 2022. In fact, some people are on the list simply because they rocked the market.
For example, Three Arrows Capital co-founder and former CEO Su Zhu was at the center of this year’s cryptocurrency credit crisis, which helped push digital currency prices down. His highly leveraged Singapore-based hedge fund managed about $10 billion at its peak and bet heavily on digital currencies like Luna, which Jue pushed on social media. When Luna and other coins crashed, Three Arrows failed to meet margin calls and went bankrupt in June. Voyager Digital is one of the cryptocurrency platforms that lent Three Arrows around $650 million, resulting in itself filing for bankruptcy protection. His Genesis cryptocurrency brokerage at Digital Currency Group owed him $1.2 billion from Three Arrows when it went bankrupt. Recently, Zhu has been unwilling to know his whereabouts, and the Liquidators of the Three Arrows can’t seem to find him.
Chase Coleman was Wall Street’s hottest investor in early 2022. His Tiger Global managed over $100 billion in hedge funds, long-only and venture capital vehicles. Many other companies have tried to imitate Coleman’s success by imitating Coleman’s selection of tech stocks. But in his first five months of the year, his liquidity has dwindled nearly $20 billion, according to an analysis by LCH Investments, and Coleman has been hedging since he launched Tiger Global in 2001. Eliminated his three-fourths of the profits he made to the fund’s investors. Coleman’s trading losses have affected stocks he helped popularize, such as Carvana CVNA.
Roblox RBLX,
Peloton Interactive PTON,
When he sold them, they all plummeted further in value. Coleman’s venture investments also began to show paper losses, unbalancing the broader venture market.
The MarketWatch 50 features 17 policymakers, demonstrating that governments and public institutions are playing a major role in private financial markets this year. They include central bankers such as Federal Reserve Vice Chairman Lael Brainard and European Central Bank President Christine Lagarde. A head of state like Xi Jinping. And after being fired from Amazon AMZN, union organizer Chris Smalls said:
Established the Amazon Workers Union.
It seems to me that Elon Musk needs to fall into his own category. He currently buys Twitter TWTR,
With $44 billion in his pocket, he recently declared: He is arguably the most important business person on the planet today. Yes, Tesla TSLA,
It’s down nearly 50% from its 2021 high. Mr. Musk continues to be a trailblazer in these financial markets.
