[lewdog]

Predictions are like assholes but the recession never came and bear markets are always followed by bull runs.

Jeremy Siegel expects US stocks to surge by 20% to 30% over the next two years.

The Wharton professor sees interest rates dragging house prices down by 10% to 15% from their peak.

Siegel warned the Fed risks causing a recession if it continues to aggressively hike rates.

Jeremy Siegel expects US stocks to soar by up to 30% over the next two years, and predicts the housing market will suffer a historic slump if the Federal Reserve doesn't cut interest rates soon.

"After two years, the stock market is going to be 20% to 30% higher than it is today," Siegel said on Bloomberg's "Masters in Business" podcast this week.

The S&P 500 has tumbled 19% this year to under 4,000 points, while the Nasdaq Composite has tanked by 31% to below 11,000 points. Siegel's forecast suggests the benchmark index could surpass 5,000 points for the first time ever in 2024, while its tech-heavy sister might rebound to its April high of around 14,000 points.

https://www.msn.com/en-us/money/mark...8f428670df7ac6