Stock Market Soaring: Finance Professor Jeremy Siegel Predicts New Highs

Finance professor Jeremy Siegel believes that the stock market is on track to reach new highs due to better-than-expected economic data and earnings results. With GDP growth exceeding expectations and inflation at its lowest level in years, Siegel sees no reason for the strong market growth to slow down. While some experts express caution about valuations, Siegel considers them reasonable, particularly for cyclical and value stocks. However, uncertainty remains as retailers forecast lower consumer spending and Americans deplete their pandemic-era savings.