Here's Siegel in December 2023 on 2024, basically saying the exact same thing.Siegel thinks the expensive mega cap tech stocks may be flat:https://www.thinkadvisor.com/2024/12/02 ... s-in-2025/Economist Jeremy Siegel expects the S&P 500 to have a “much quieter” 2025 than it saw over the past two bullish years, returning 0% to 10% — or 5% to 15% excluding the Magnificent 7 mega-cap tech stocks.
The index is up roughly 27.5% year to date.
The Magnificent 7 are starting to lag the market, the WisdomTree senior economist said Monday on CNBC’s Squawk Box. This suggests that a market rotation may get underway this month, he said.
“Maybe the Mag 7 will do nothing next year” and undervalued small- and mid-cap stocks “are finally going to have their day in the sun,” added Siegel, a Wharton School finance professor emeritus. “I think that that's perfect, and that’ll keep the bull going.”
https://www.advisorperspectives.com/art ... ities-2024
Predictions are hard, especially about the future.We must understand that we have had a tale of two markets this year. The so-called “Magnificent Seven” were up 100%. The Russell growth stock index was up 43.5%, but the Russell value stocks were up only 9.79%. So, those seven stocks really pushed this market up. This was a big change from 2022, when growth stocks collapsed.
In 2024, I believe we're going to have a reversal. The value and small stocks are finally going rouse from their lethargy and be the winners over the next year. I'm not saying these large-growth stocks won't do well. They've got incredible franchises and growth prospects. But I'm bullish on small- and mid-cap stocks, which have much lower prices. I believe the overall market will be up 10% to 15% from today's level by the end of 2024.
Nobody knows what's going to happen.
"An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today. "
- Laurence J. Peter.
Statistics: Posted by HomerJ — Mon Dec 16, 2024 11:26 am