Wharton's Jeremy Siegel says hot inflation is not the enemy of stocks. Here's why

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New for subscribers: Wharton's Jeremy Siegel says hot inflation is not the enemy of stocks. Here's why. Check out CNBCPro today.

"Stocks are long-term excellent hedges against inflation," Siegel said in an interview on"I think there's going to be a lot more inflation," added Siegel, a longtime market bull. But he added, "I'm not selling my stocks.

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Stocks close with a round of records, Dow clinches 35,000U.S. stocks swept to another round of records Monday as investors awaited corporate earnings, an update from the Federal Reserve, and a reading on inflation. The Dow Jones Industrial Average DJIA added about 130 points, 0.4%, to close at 35,000. Dogecoin tnxp asrt geniusbrands nakedbrands sndl aht llnw wish express....money rich stocks rise gamestop amc --dejavu ^ invest Robinhood . I know a big 1 on the way🚀 just be patient....Allaboard 😎👨‍✈️
Source: MarketWatch - 🏆 3. / 97 Read more »