#136 Professor Jeremy Siegel Shares Outlook For The Economy, Fed Rate Cuts, And The Stock Market

Famed economist Professor Jeremy Siegel, professor of finance emeritus at Wharton, discusses the macroeconomic overview, his outlook for the Fed’s interest rate policy, the probability of a recession, the stock market outlook, and owning stocks for the long run. 

Timestamps 

00:00 Introduction 

01:12 Macro overview

04:50 Probability of a soft landing is over 50%

06:09 3 reasons to lower interest rates

10:24 Commercial Real Estate and banks

13:07 Expectations for the Fed, how fast will the lower?

17:45 Misconceptions about rate cuts

20:27 Most important message from the latest FOMC

22:22 Goldilocks economy, 60-40 soft landing odds 

25:20 Stock market

27:27 Productivity 

29:10 Market outlook for 2024

32:00 Value stocks

34:37 Bond market outlook

34:30 The Noisy Market Hypothesis 

37:48 10,000 students in 49 years as a professor

39:25 Never taken a finance class 

42:42 Milton Friedman

44:10 Parting thoughts

Links: 

https://ir.wisdomtree.com/company-information/advisor

https://fnce.wharton.upenn.edu/profile/siegel/

https://www.amazon.com/Stocks-Long-Run-Definitive-Investment/dp/1264269803/