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 Knowledge@Wharton 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.
Article by Knowledge@Wharton