Fear of an impending recession is keeping the S&P 500 below the 4,000 level for now but the benchmark index will have a strong 2023, says Professor Jeremey Siegel of the Wharton School – Universit...
Tag: Whartons
Wharton’s Jeremy Siegel accuses Fed of making one of the biggest policy mistakes in its 110-year history
““I think we’re giving Powell too much praise. … The last two years are one of the biggest policy mistakes in the 110-year history of the Fed by staying so easy when everything was booming.”” — Jeremy...
Wharton’s Siegel: Now’s a Good Time to Buy Stocks
Stocks officially have entered a bear market, with the S&P 500 index recently at 3,793, down 21% from its Jan. 3 record closing high of 4,797. Some experts think the market has further to fall, as...
Wharton’s Professor calls for a 100 bps increase in interest rates
U.S. inflation remained above 8.0% in April, which, as per Professor Jeremey Siegel of the Wharton School, calls for the central bank to be more aggressive than it has indicated. Highlights from Profe...
Nasdaq Will Fall Into Bear Market, Wharton’s Siegel Says
(Bloomberg) — A “rocky” stretch for U.S. stocks is far from over, with the tech-heavy Nasdaq indexes poised to fall into bear markets thanks to the Federal Reserve’s newfound zeal to undercut in...
Wharton’s Professor Warns About Inflation, Predicts Many Rate Hikes, Says Bitcoin Has Replaced Gold for Millennials – Economics Bitcoin News
A finance professor at the Wharton School of the University of Pennsylvania has warned about inflation and the Fed hiking rates many more times than the market expects. He also said that bitcoin has b...