What You Need to Know
- Jeremy Siegel’s economic predictions include a strong economy, rising inflation and higher taxes.
- The price level may rise 20% or higher over the next three to four years, he also predicts.
- Also, stocks continue to be a great bet for investors — but maybe not FAANG stocks.
A look into the crystal ball suggests we will see a strong economy, continued rising inflation and higher taxes over the next several months, according to Jeremy Siegel, senior investment strategy advisor at WisdomTree and professor of finance at the Wharton School of the University of Pennsylvania.
In a keynote address on Wednesday, the second day of the Orion Ascent conference in Scottsdale, Arizona, Siegel shared his thoughts on the state of the markets and the economy. He also showed how today’s market and economic environment fits into a longer-view historic context, provided observations on global equity valuation, and…