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Wharton School’s Jeremy Siegel told CNBC on Thursday he believes stocks will still move higher this year, even in the face of rising bond yields and inflation concerns.
In an interview on “Squawk Box,” the finance professor said the $1.9 trillion coronavirus relief package, which President Joe Biden hopes to sign into law Friday, is just “more fuel on the fire, so to speak.”
“Eventually there will be a Fed tightening and eventually that tightening is going to pressure stocks, and that fear of that, I think, is beginning to come through now,” Siegel said, referencing the choppy equity trading that’s taken place in recent weeks as investors digested a rapid increase in the yield on the
Source cnbc.com
