Wharton Professor Jeremy Siegel Says Stocks Could Climb 10% Or More In 2024
Portfolio Pulse from Erica Kollmann
Wharton Professor Jeremy Siegel predicts a bullish stock market for 2024, with potential gains of 10-12%. He suggests the S&P 500 could reach 5400 by end of 2024 and 6000 by end of 2025. Siegel's optimism is based on flexible Federal Reserve policies, including potential rate cuts, which could drive market growth. He also emphasizes the importance of liquidity and suggests the Fed should cut rates to increase market liquidity, with the first cut possibly in March.
December 28, 2023 | 10:01 pm
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POSITIVE IMPACT
Jeremy Siegel's bullish outlook for 2024 suggests a potential 10-12% increase in the S&P 500, which could positively impact SPY, an ETF tracking the index.
Since SPY directly tracks the performance of the S&P 500, Siegel's prediction of a 10-12% increase in the S&P 500 index would likely result in a corresponding increase in the value of SPY. The ETF's performance is closely tied to the index, making the impact of such predictions highly relevant and important to investors in SPY. The confidence score reflects the inherent uncertainty in market predictions but is bolstered by Siegel's professional standing.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100