Jeremy Siegel, professor emeritus of finance at University of Pennsylvania’s Wharton School of Business, joins ‘Squawk Box’ to discuss the latest market trends, what to expect from this week’s Fed policy meeting, state of the economy, and more.
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If the unemployment rate is able to remain steady while the Fed hikes so aggressively and inflation falls back to target, a soft landing might be on the table
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He was wrong on this one. The Fed definitely was not hawkish.
Professor Emeritus got it very wrong 😂
What are the best additions to a $500k portfolio to boost performance?. ETH is Up and will do better, I believe as indicators for profits continue to improve. investors like me believe that “Santa has come early” to the markets.
In totally agree with his assessment. The Fed is full of crap if they think inflation is going to drop to anywhere near 2% this year. They are being deliberately contradicting.
I hate rich people . I'm a 45 year old white dude with a small business and one employee. I got no house, cant afford one, no family (can't afford one) one truck, a dog. and I have to live with my parents still. I work my but off and make as much as I can but I don't have stocks, and I payed 23 FRIGGIN THOUSAND dollars in taxes last year. godamit it. I tax the hell out of anyone with unearned or unrealized gains in the stock market PLEEEEEAAASE. lower my tax burden a teeny bit and llet me get my own house. my life sucks
Dr Siegel always seems a active stock trader(gambler) and I guess he already sold most of his positions and wish badly that hawkish Fed can favor him to boatload the bloody stocks such as nvda amd and meta.
6,000 is easy by year end , super easy! But i am asking myself whether 7,000 is possible , probably the answer is YES! BUY BUY BUY !!
The Fed was very dovish.
Where is the recession you predicted Siegel in early 2023, that was gonna happen in 1st qtr 2024?
They weren't hawkish. These trad-fi losers are always wrong
You should stop bringing him on. He is all reactive noise, and nothing profound. No attention to detail..just random senile handwaving
Greatttt
Listening to these "expert" r just a waste of BS.
5 thats a FIbonacci number, so stock markets will drop soon😉…..
This is the guy that has been saying home prices and rents are falling for the last 24 months in a row. His realtor friend told him.
there is a difference between a strong economy and a runaway economy that is fueled by money printing. Runaway economy is bad and is the direct result of the ultra low interest rate two years ago
Well I think we all know unless people can sell houses the economy will stall.
the yield on bonds have decreased especially on the long end (30 and 10 Y) indicating that the demand is still there even if the supply remains huge showing a preference for safety. I'm still at a crossroad regarding whether or not to liquidate my $138k
Am I misremembering things or did this guy kept pounding the table saying that the FED's rate was way too high and overtightened about 6 months ago or so
Wow. I am blown away by this presentation. I was an insecure 72 year old on SS in January 2018 when I started buying Bitcoin/crypto. Everyone though I was irrational. Most still do. I put my income in every month and watched the value drop each month but for some reason really believed in Bitcoin and alt coins/blockchain even though I don't totally understand. Finally, the crypto market started turning around and I am astonished at the value of my crypto currency portfolio today. I engaged in active trading and managed to grow a nest egg of around 2.3B'tc to a decent 27B'tc….At the heart of this evolution is Lukas Douglas, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make his an invaluable ally in navigating this new era in cryptocurrency investment.
His inflation is lower than FED because of housing distortion. Yeah, housing is not at record highs, we all must be wrong. This ends badly.
This genius was calling for 6 cuts late last year. Wharton is irrelevant.
So why would we cut rates then? Jeremy is an idiot.
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Earlier Jeremy was upset that the fed was too late in fighting inflation, a few months ago he wanted them to cut now. None of the doom and gloom he predicted due to fed delays a year or so ago is yet to pass. Wud like to see how this prediction will pan out
Cutting rates right now would be callous. Prices of assets have already priced out the young and the poor. And with inflation as it is the only hope of staying ahead is having assets. Cutting rates right now is just greed.
When government prints money you will ALWAYS see stocks, crypto, etc go up because there is more money out there….same time you will see prices go up. Money printing is a MASSIVE TAX on anyone without an investment portfolio. When middle/low class have to spend an extra $500/month on food it destroys them. If you have a portfolio of investments you don't care because it is going up. People are just too dumb to realize that government spending on anything is a tax. Whenever they print money they are automatically putting money in their pockets by driving up the market.
We had bad years and unfortunately the governments and systems in this world wont really help, guess what. But AWMGPT brings new light to not only the industry but humans in general and this is how everyone can have power in their own hands. I think we are about to step into a new age and there it matters what you decide for your own life. Too many bad decisions have been done and the conventional living method simply doesnt work anymore. If you really give it a thought then you might believe me on this one. Im not trying to force anybody its just my goal to bring change because even if I succeed for one person it is more worth than any money in this world, isnt it?
In long ways ETH eventually will outperform the rest but closest to that has to be AWMGPT
I think AWMGPT is the best altcoin for the next few years given who made it
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