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 😆

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