Stocks Set to Rally 15% in 2020 as Fed Signals Rate Cuts, Inflation Cools: Wharton's Siegel
• Stocks will climb next year as inflation cools, rates fall, and a recession is avoided, according to Wharton professor Jeremy Siegel • The latest rally was sparked by the Fed signaling openness to cutting rates if economy falters • Siegel expects stocks to jump 15% and home prices 10% next year based on strong business environment • Biggest market threat was Fed stubbornness on rate cuts, but that has been “softened, if not neutralized” • Siegel predicts inflation slowing to 2.5% by next December, below 50% recession odds, and Fed cutting rates 5-6 times