#136 Professor Jeremy Siegel Shares Outlook For The Economy, Fed Rate Cuts, And The Stock Market

Famed economist Professor Jeremy Siegel, professor of finance emeritus at Wharton, discusses the macroeconomic overview, his outlook for the Fed’s interest rate policy, the probability of a recession, the stock market outlook, and owning stocks for the long run.  Timestamps  00:00 Introduction  01:12 Macro overview 04:50 Probability of a soft landing is over 50% 06:09 3 reasons to lower interest rates 10:24 Commercial Real Estate and banks 13:07 Expectations for the Fed, how fast will the lower? 17:45 Misconceptions about rate cuts 20:27 Most important message from the latest FOMC 22:22 Goldilocks economy, 60-40 soft landing odds  25:20 Stock market 27:27 Productivity  29:10 Market outlook for 2024 32:00 Value stocks 34:37 Bond market outlook 34:30 The Noisy Market Hypothesis  37:48 10,000 students in 49 years as a professor 39:25 Never taken a finance class  42:42 Milton Friedman 44:10 Parting thoughts Links:  https://ir.wisdomtree.com/company-information/advisor https://fnce.wharton.upenn.edu/profile/siegel/ https://www.amazon.com/Stocks-Long-Run-Definitive-Investment/dp/1264269803/