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Jeremy Siegel

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finance1 year ago

"S&P 500 Hits Historic 5,000 Milestone, Wharton Professor Advises on Capitalizing"

Wharton professor Jeremy Siegel remains bullish on the stock market, predicting an 8% upside for the S&P 500 through the end of 2024. He dismisses comparisons to the dot-com bubble, citing lower valuations and interest rates. Siegel advises investors to focus on value and small-cap stocks, anticipating potential outperformance. Despite ongoing market risks, he emphasizes the historical resilience of stocks in the face of uncertainty.

via Yahoo Finance|
#finance#investment#jeremy-siegel
finance2 years ago

"Wharton's Jeremy Siegel: Jerome Powell Could Derail Stock Market's All-Time High"

Jeremy Siegel, a renowned stock watcher from Wharton Business School, predicts that the stock market, including the Dow Jones and S&P 500, could reach all-time highs in the coming months. However, he warns that the only thing that could derail this progress is if the Federal Reserve, led by Chairman Jerome Powell, remains overly committed to its 2% inflation target. Siegel argues for a more flexible approach to rate hikes, suggesting that the Fed's fixation on inflation fears could hinder the market's growth. While Powell has hinted at a potential change in the Fed's approach, Siegel remains cautious about the timing of rate cuts, emphasizing the importance of economic data and inflation trends.

via Yahoo Finance|
#federal-reserve#finance#inflation
finance2 years ago

Jeremy Siegel: Geopolitical Risks are a Buying Opportunity for Stocks

Wharton professor Jeremy Siegel believes that despite rising geopolitical risks, elevated inflation, and volatile interest rates, stocks are still the preferred investment over bonds. Siegel argues that economic growth, driven by productivity growth and the adoption of artificial intelligence, will continue to support stocks. He also sees rising geopolitical risks as buying opportunities rather than reasons to sell stocks. Siegel attributes the recent decline in the S&P 500 to higher interest rates, but he believes that these rates are driven by stronger-than-expected economic growth, which should benefit corporate earnings. Overall, Siegel remains optimistic about the long-term prospects of stocks.

via Markets Insider|
#bonds#finance#geopolitical-risks
finance2 years ago

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.

via Yahoo Finance|
#economy#finance#gdp
finance2 years ago

Top Market Watcher Predicts Debt Crisis Resolution with Certainty

Wharton professor Jeremy Siegel believes there is "zero chance" that the US debt crisis won't be resolved, despite concerns from investors and economists about the potential consequences of a debt default. Treasury Secretary Janet Yellen has warned of "economic and financial collapse" if the deadline to increase the debt ceiling passes, but Siegel believes lawmakers will come to an agreement. Most Wall Streeters also believe the debt ceiling will be raised in time, but there may be some market volatility in the near term.

via Yahoo Finance|
#debt-crisis#finance#jeremy-siegel
finance2 years ago

Top Market Watcher Predicts Debt Crisis Resolution with Certainty

Wharton professor Jeremy Siegel believes there is "zero chance" that the US debt crisis won't be resolved, despite political gridlock in Washington. Treasury Secretary Janet Yellen has warned of an "economic and financial collapse" if the deadline to increase the debt ceiling passes, but Siegel believes lawmakers will come to an agreement. Economists have argued that a debt default could have disastrous consequences for the US economy, wiping out $12tn in household wealth in a job-killing recession. The debt ceiling has been raised or altered 78 times since 1960, but this latest crisis is one of the worst in history.

via Fortune|
#debt-ceiling#debt-crisis#finance
finance2 years ago

Experts confident US will avoid debt default despite political tensions.

Wharton finance professor Jeremy Siegel has stated that there is "zero chance" of the US government defaulting on its debt, and that the debt-ceiling issue will be resolved, either by extending the timeline or raising the debt limit. US lawmakers are still debating the conditions for lifting the country's borrowing limit, with talks continuing between President Joe Biden and Speaker of the House Kevin McCarthy. Treasury Secretary Janet Yellen has reiterated her June 1 deadline for Congress to raise the national borrowing limit.

via Markets Insider|
#finance#jeremy-siegel#treasury-secretary-janet-yellen
finance2 years ago

Jeremy Siegel warns of tough market conditions if Fed doesn't cut rates.

Jeremy Siegel, a finance professor at the University of Pennsylvania, warns that if the Federal Reserve doesn't cut interest rates, it will be "tougher sledding" for the market this year. He believes that the economy is slowing down and that the Fed needs to act to prevent a recession. Siegel also notes that the market is currently pricing in a rate cut, and if the Fed doesn't deliver, it could lead to a sell-off.

via CNBC|
#economy#fed#finance