Posted 2/9/2024, 11:42:08 PM
Wharton's Siegel: S&P 500 Could Surge 8% More by 2024 Despite Valuation Worries
- Wharton professor Jeremy Siegel believes the S&P 500 could surge another 8% by the end of 2024 to around 5,400
- Siegel says comparisons between today's stock valuations and 1999 are overblown (P/E ratios are lower now)
- Investors should look to value stocks and small-caps, which offer more upside potential
- There are ongoing risks that warrant caution, but uncertainty creates buying opportunities in stocks
- Siegel "One of the oldest sayings on Wall Street stocks climb the wall of worry"