Fears surrounding President Donald Trump drove U.S. markets sharply lower Wednesday, but longtime bull Jeremy Siegel certainly isn’t concerned.

 

That’s because the market rally has been based on the Republican agenda, not the Trump agenda, he said. In fact, he believes Wall Street would prefer a President Michael Pence rather than Trump.

“If Donald Trump resigned tomorrow I think the Dow would go up 1,000 points,” the Wharton School finance professor said in an interview Wednesday with “Closing Bell.”

If Trump Resigned Tomorrow, Dow Would Go Up 1,000 Points: Jeremy Siegel

Jeremy Siegel