Jeremy Siegel.Steve Marcus/Reuters
Jeremy Siegel is wary of stocks, expecting a recession, and predicting the Fed won’t hike again.
The retired Wharton professor doubts the stock market will keep surging or hit a new low.
Siegel sees a mild recession and the Fed ending its war on inflation to minimize job losses.
The stock-market rally will run out of steam, the US economy will sink into a mild recession, and the Federal Reserve won’t hike interest rates any higher, Jeremy Siegel has predicted.
The S&P 500 has surged by more than 20% from its most recent low, marking the start of a bull market. However, Siegel warned that during both the dot-com and housing crashes, stocks rebounded by over 20% then promptly erased all of those gains.
“This recent bull market move is no guarantee we are out of the woods from the downturn,” the retired Wharton finance professor said in his weekly commentary for WisdomTree, published on Monday.
“I remain cautious and I do not think we have the start of a…
2023-06-14 19:22:23
Article from finance.yahoo.com
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