Jeremy Siegel: Market Similar to January 2018
On CNBC yesterday Jeremy Siegel expressed concern that the market’s rally was looking similar to January 2018 which led to a stagnant market in the following months.
Momentum players are driving this rally, said Siegel. “People are jumping on the train and riding it narrow path until they get some gains,” Siegel added.
Siegel noted at 20 times earning the market wasn’t cheap, or expensive.
Back in January 2019 Siegel correctly predicted a continuation of the bull market rally [link].
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