Credit
What he said: Get out of junk bonds while prices are strong and watch out for potential downgrades of investment-grade debt.
What happened: Junk had its best year since 2016 while investment-grade debt gained the most since 2009, according to Bloomberg Barclays indexes.
Crypto
What he said: Bitcoin, trading at the time for about $4,000, could easily make it to $5,000 though it isn’t for the “faint of heart.”
What happened: Bitcoin reached high of $13,851 in June before bouncing down to almost $7,200 at year-end.
This article was provided by Bloomberg News.