Long-time bull Jeremy Siegel sees risks that could undermine the 2019 market rally.
div > div.group > p:first-child"> The U.S.-China trade war and slower-than-expected earnings growth are giving him an uncharacteristically muted view on the market's strength.
Siegel, known for predicting market milestones including Dow 20,000 to Dow 25,000, has been moving away from his bull stance. Last September, he told"Trading Nation" that correction risks were growing and 2019 could be a rough year. "We've got an 80 to 90 percent probability of a favorable outcome really baked in," Siegel said."One of the strongest things [President Donald] Trump has going for him is the economy, and the stock market. And, going into an election year, he doesn't want that to falter."
"Earnings estimates might be more challenged this year than a lot of analysts think," he said, alluding to the bearish impact of a higher dollar and last year's big increase in margins."[It] is not the cheap market that we certainly had last December."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wharton's Jeremy Siegel: Fed should think about lowering ratesThe Fed made a policy mistake by raising interest rates in December, Wharton Professor Jeremy Siegel says. 'It makes no sense for the Fed funds rate to be exactly the same as the 10-year bond. It should be lower.'
Read more »
Alex Jones promotes conspiracy about death of Sandy Hook father Jeremy Richman'We have no idea whether he was even murdered at this point.'
Read more »
Newtown dad on apparent suicide of Jeremy Richman, father of shooting victim: 'We're all heartbroken'After losing a child in a mass shooting, 'your heart’s broken forever. It’s something you live with, you deal with. And Jeremy was dealing with it too,' a fellow Sandy Hook father said.
Read more »
After Sandy Hook dad's apparent suicide, wife says he 'succumbed to the grief that he could not escape'After the father of a Sandy Hook school shooting victim died by apparent suicide this week, his widow is speaking out, saying her husband 'succumbed to the grief that he could not escape.'
Read more »
Opinion | Britain has been shaping the world for centuries. That won’t change with Brexit.Jeremy Hunt writes in Opinions: 'Britain has been shaping the world for centuries. That won’t change with Brexit.'
Read more »
'Absolutely heartbreaking': Senator on death of Newtown dadSen. Chris Murphy, D-Conn., discusses the death by apparent suicide of Jeremy Richman, who lost his daughter in the massacre at Sandy Hook Elementary School. Sen. Murphy also discusses AG Barr's letter and the Mueller report.
Read more »