Stocks could rally as much as 20% in 2023, predicts Wharton's Jeremy Siegel

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.

Perma bull

This is just simply not an outlandish statement. Stocks tend to perform very well after a bear market.

This guy owns an etf company. His advice is tainted.

First the stocks go down another 30% this year. Then rally 20% in 2023. That will be still -10% from now.

Wow, that would be nice. How will that happen?

Trustable prof . Gogogo

really？

What was his prediction for 2022?

He said stock could rally

This is very simple. If the Fed is still raising rates, they will not rally. If the Fed pauses or we see inflation actually come down, consistently, they will. Right now it’s unlikely we have inflation under control. Maybe a 2H 23 rally but not until then.

These predictions are always so useless..lol

This is the mf that’s crying at Powell to lower rates 😆

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UTA’s Jeremy Zimmer: As Streaming Giants Evolve Their Business, It’s Time to Rethink Talent DealsThe trade-off of back-end incentives for upfront fees needs to be updated and platforms should work with partners to develop transparent performance metrics for creatives, the agency chief writes. Why? They’re producers now.
Source: THR - 🏆 411. / 53 Read more »

U.S. stocks open mostly lower amid China COVID lockdown concernsU.S. stocks opened mostly lower Monday, with the S&P 500 down modestly, amid concern over China's lockdown of a district in a southern city as it seeks to... This is the plan
Source: MarketWatch - 🏆 3. / 97 Read more »

Monday, Nov. 21, 2022: Cramer says you'll want to own these stocks by next yearJim Cramer and Jeff Marks share their thoughts on how deflation is affecting the market, and the Federal Reserve's reaction. Jim breaks down his bullish outlook on Disney now that former CEO Bob Iger is back running the company. Jim also shares a few names Investing Club members will want to own come 2023, and urges them not to get involved with crypto in wake of the FTX controversy. Mistake 🤣 He also said buy Meta. Pass Is this the same Cramer that was praising Sam Bankman Fried?
Source: CNBC - 🏆 12. / 72 Read more »

European stocks slip on worries about China's COVID curbsEuropean shares slipped on Monday, with economically sensitive sectors like miners and industrials leading the losses on worries about the impact of surging COVID-19 cases in China.
Source: Reuters - 🏆 2. / 97 Read more »

Global stocks down after Wall St weekly loss on rate fearsGlobal stock markets are lower after Wall Street ended with a loss for the week amid anxiety about Federal Reserve plans for more interest rate hikes to cool inflation.
Source: ksatnews - 🏆 442. / 53 Read more »