Inflation Figures For June Put Stocks In The Ideal Environment

Jeremy Siegel, the Russell E. Palmer Professor of Finance at the Wharton School, addresses the Securities Industry Association during their annual meeting in Boca Raton. As the stock market resiliently pushes ahead despite the lack of clarity on many fronts, investors are debating the sustainability of the rally. MATT STROSHANE/BLOOMBERG VIA GETTY IMAGES.

As the stock market resiliently pushes ahead despite the lack of clarity on many fronts, investors are debating the sustainability of the rally. An economist is of the view the upward momentum will likely remain intact.

“The market could be in for new highs, this is such a strong market. Companies are now much more confident in issuing guidance and internals are improving,” said Wharton professor Jeremy Siegel in an interview on CNBC’s Closing Bell on Friday.