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/