“Everything goes up. “
That’s for Wharton’s finance professor Jeremy Siegel, who told Bloomberg on Monday that the economy and inventory market would be more powerful than expected next year.
The professor said that “the soft at the end of the tunnel” had cleared up Monday morning after Moderna became the time for the pharmaceutical company to announce a more than 90% effective vaccine in the coronavirus remedy.
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Before the election, Siegel told CNBC that the market would win in 2021, regardless of who was the president due to the Fed’s “huge liquidity” and stimulus. Siegel said Monday that the repressed request will help bring the economy to life in 2021.
The professor also said there may be moderate inflation of up to 4%, which will be smart for stocks, especially foreign stocks that can outperform the United States by 2021.
The stocks that have the economy reopened will be the center of attention next year, Siegel said, while generation corporations and “work from home” stocks like Zoom are fully valued right now and are not expected to continue to rise much further.
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