Jeremy Siegel says stock market could go up 30% before boom ends

Wharton School finance professor Jeremy Siegel said Thursday he expects the stock market’s rally will persist at least throughout this year. However, he told CNBC that investors will have to be cautious once the Federal Reserve adjusts its highly accommodative monetary policies.

“It isn’t until the Fed leans really hard then you have to worry. I mean, we could have the market go up 30% or 40% before it goes down that 20%” following a change in course from the Fed, Siegel said on “Halftime Report. “We’re not in the 9th inning here. We’re more like in the 3rd inning of the boom.”

Siegel said he expects to see a roaring economy this year as the last of Covid-era economic restrictions are…