Wharton’s Jeremy Siegel discusses the 2018 outlook for the U.S. economy.
It was an unexpectedly stellar year for U.S. stock markets in 2017 – up about 24% thanks to a stronger economy, falling unemployment and expected tax breaks for companies that finally materialized at the last hour. According to Wharton finance professor Jeremy Siegel, since most of the good news has been baked into indexes now, markets will likely take a breather in 2018. The Dow Jones Industrial Average, he projects, will rise up to 10% by year end, with a correction of 10% or so possible at some point in the year. In this [email protected] interview, Siegel also offers his views about the Fed, GDP growth, inflation, wage growth, a Bitcoin bubble and why future Republican economic legislation will face a tough road.
Since its inception in January 2012, the long book of the Voss Value Fund, Voss Capital's flagship offering, has substantially outperformed the market. The long/short equity fund has turned every $1 invested into an estimated $13.37. Over the same time frame, every $1 invested in the S&P 500 has become $3.66. Q1 2021 hedge fund Read More
Article by [email protected]