After a brutal year in 2022, the S&P 500 rose over 6% in January—to the surprise of many Wall Street analysts. But Wharton professor Jeremy Siegel warned on Monday that the good times may not last.
After the Federal Reserve raised interest rates seven times to fight the rise of inflation last year, Siegel said that investors are betting its tactics have worked. But Siegel warns the Dow could drop 1,000 points “immediately” if the Fed goes too big with its next rate hike.
