Long-term bull Jeremy Siegel, who correctly predicted 2017’s historic rally, isn’t convinced strong earnings will push stocks back into record territory.
The Wharton finance professor sees anemic returns compared with last year.
“It’s going to be a flat to slightly upward tilting year as good earnings collide with what I think will be higher interest rates both by the Fed and in the Treasury market,” Jeremy Siegel said Monday on CNBC’s “Trading Nation.” “This market is going to struggle this year.”
H/T Dataroma
Jeremy Siegel On Economy And Markets
Wharton’s Jeremy Siegel warns good earnings and higher rates are on collision course from CNBC.
