Wharton finance professor Jeremy Siegel expects stocks to rally once the Federal Reserve indicates it will pause interest rate hikes.
Wharton finance professor Jeremy Siegel is bullish on next year's stock market, predicting equities could rise 15%, or possibly even 20%. The move higher will begin once the Federal Reserve signals it will wind down interest rate hikes. "They haven't gotten it yet that inflation is basically over but they will, " Siegel said on " Squawk Box" Monday.
However, Siegel believes 90% of inflation is essentially gone. For instance, the growth in housing prices is slowing, and he expects to see more evidence of that when September's S & P CoreLogic Case-Shiller Home Price Index is released next Tuesday. "The way the government computes it — and it's a very important part of the index — it's so lagged that it will continue to show increases," Siegel said.
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