The tech momentum trade that’s pushing stocks to records can last a lot longer, Jeremy Siegel says

Wharton Professor Jeremy Siegel says the US economy is undergoing a credit crunch.Getty Images

  • The tech momentum trade driving market gains is likely to continue, says WisdomTree’s Jeremy Siegel.

  • “Often times it gets overdone at the end, but the end is often further into the future than many people believe,” he said.

  • Siegel forecasts stocks will outperform bonds over three to five years, delivering real returns of about 5%.

The tech momentum trade that has powered the stock market higher over the past year-and-a-half is likely to continue on for a lot longer than most expect, according to WisdomTree economist Jeremy Siegel.

Siegel told CNBC on Thursday that gains seen in AI stocks like Nvidia, Broadcom, and others are showing no sign of slowing down.

“I think that momentum trade on the tech and AI-related is still there. That has been so powerful. It takes a lot of bad news to break a…

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