The Dow can hit 30,000 by 2021 if Republicans keep the Senate and the coronavirus is contained, Wharton professor Jeremy Siegel says
The stock market's rally from March lows has slowed as investors weigh reopening optimism with fears of a second wave of coronavirus cases. The latest spike in infections and election outcomes represent the "great uncertainties" plaguing valuations, Siegel said.
"That uncertainty is a big one, because the corporate tax cuts are a major reason for a lot of the bull market since Trump was elected. If they're going to be reversed, that's a strong headwind," he said.
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