A Global Upheaval Is Under Way, Says Market Veteran Felix Zulauf. Don’t Get Caught Flat-Footed.

When we last checked in with Felix Zulauf at the end of 2021, the stock market was perched near its giddy high—and the former Barron’s Roundtable member was looking for a steep market drop in 2022 from tightening monetary and fiscal policies. After that prescient but painful call came to pass, we caught up with Felix from his home base in Switzerland. An edited version of our conversation follows.

Barron’s: Felix, 2022 thankfully is drawing to a close. What now?

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