There are 'very favorable signs' inflation will come down, says Wharton's Jeremy Siegel

Jeremy Siegel, professor emeritus of finance at University of Pennsylvania’s Wharton School of Business and Wisdom Tree chief economist, joins 'Squawk Box' to discuss the latest market trends, the Fed's inflation fight, Fed Chair Powell's commentary, interest rate outlook, and more.

[@victoriaabott]

The professor might be right however , I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.

[@Kaustavpatell]

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[@frankedwardark]

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[@Donald-George]

Inflation is over 10% , but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?

[@frankedwardark]

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[@EthanMaloney-qp4lh]

I just want my money to keep outgrowing the inflation rate. That’s why I'm looking for companies now to put in $80k for a start. Just don't know strategies to employ in buying stocks to invest in

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[@SageMadsen]

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[@Redwood4040]

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[@SageMadsen]

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[@SageMadsen]

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[@flossietaylor6239]

Usually during this time of the year, we get to see certain stocks go up in the market, but that’s very unlikely this season because of the recession and overall economic crisis, issue is I've been holding a lot of stocks hoping to sell for profit this month but I'm not sure if to keep holding or sell, I’ve been running at a loss since Q1 and 2024 is really not looking favorable for investors.

[@lunaalvarez5785]

The market hasn’t been looking good Q1 and it will get worse 2024, you should sell.

[@williamskanbar]

We’ll be seeing the market plummet further, so I advise you do critical analysis on these companies you’re holding and their data projections in the next fews years. Even better, you could have an investment adviser guide you restructure your overall portfolio and offset the bad apples you’re holding, that strategy’s been working for me so far, saves me a whole lot of stress and continuous anxiety and also it’s very time efficient.

[@jameshallow4256]

@@lunaalvarez5785 I’ve honestly been considering going the route of an advisor, this current market is no jokes for the average retail investor, but do these advisors really make any notable changes to a portfolio or am I better off on my own?

[@sunshineonme]

@@jameshallow4256 Unless you intend to buy and hold stocks for a decade, because I don’t see a reason not to sell, I’ve been investing closely with an investment adviser for the past 2years and so far I’ve pulled over $850K in net gains and I’m not worried at all about where we’re heading 2024 because I know I’m in good hands

[@kingzhao3587]

​@@sunshineonmeVery well said, who is this adviser that guides you and how did you find them? I don’t seem to find any locally and I’ve been having a terrible year.

[@liamgeorge9721]

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[@William.Jones01]

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[@merrykane9183]

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[@Didier-lafrate]

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[@paulwilliams4514]

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[@paulwilliams4514]

🇺🇸+135

[@ClaireMargaret2]

I'm curious about the greatest investment prospects right now. I read certain perspectives, but I soon learn that these opinions are meaningless because the stocks they mentioned took a completely different turn.

[@Paulakanyutu]

proper research, good analysis and luck is what you need to make profit in this constant market decline.

[@JackKen649]

I think I want to try out a financial advisor, but the amount of information on the internet is overwhelming. Could recommend any good one(s)?.

[@JackKen649]

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[@mfmcintyre]

When you work on something that only has the capacity to make you 5 dollars, it does not matter how much harder you work - the most you will make is 5 dollars.❤

[@JasperMaartenHoutman]

People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.

[@faysdt414]

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[@whitefearlytales]

Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian.

[@Davidonchik-fv5ke]

Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things

[@BraunRob]

Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

[@Barr894]

When the professor speaks, the exact opposite happens.

[@nickvin7447]

Yep, he is that dumb.

[@louislong1514]

Seriously, in the west coast, a Croissant is $5, an organic green onion is $2, a standard car wash is $10.... tell me inflation is coming down.

[@maribatcric]

Inflation is not defined by prices being high. It is the "rate at which the prices change".

[@louislong1514]

@@maribatcric for your context , the green onion was $1.5, car wash was $8 a year ago... Grocer , food prices are going up at 10, 20% rate... I know inflation index has a few measure ; but for most people , even day to day item price increase are getting whacked

[@73ajd1]

@@louislong1514Much of that is corporate price gouging.

[@JohnnytNatural]

Inflation is never coming down, the government never tells you the truth, once the price is elevated it will stay that way as the "new norm", there job is to make sure the price doesn't increase more than 2% from the new norm, currently they are holding the rate to reflect a 3% inflation

[@johnpalma7265]

@@maribatcric : By whose definition?

[@Barr894]

He also said we were going to get ten rate cuts and that inflation was transitory.

[@straightdrive6192]

I noticed something , whenever this dude says something the opposite happens .

[@billmoyer3254]

what's popular is not true, and what's true is not popular. live by that rule and prosper. these folks spew lies.

[@salomonquijada7144]

Increased regulation, increased debt, increased taxes, supply chain issues, changing demographics all point to high inflation- we are likely at the beginning of the cycle I don't understand how anyone (specially "financial experts") are surprised.

[@JawadAli-ww3xf]

There is no shortage of really anything. Go to stores and see the shelves fully stocked.

[@jimhestermanphotography]

It’s half way through 2024. We’re talking supply shock from 2020-2021

[@etvow]

I like him. He is like Tom Lee #2

[@tipstolevelupinlife5837]

yes

[@geraldbrowne]

What is the Siegel scorecard for predictions in last 10 years?

[@The-Capitalist]

0-350

[@The-Capitalist]

Tom Lee: 1-350

[@user-ij9bs9ke9j]

@@The-Capitalist ??? get real.

[@BobbyDon8]

He's been nailing it the last couple of years.

[@dennismorris7573]

Excellent, and such a brilliant fellow.

[@Seanpfree]

The economic pain is ONLY happening to the lower & lower-middle income earners. This is THE END of first time home ownership and the slow death of the middle class in a generation. 77 bids over 4 years for our first home as native Tennesseans ALL OUTBID by cash investors. Wonder why we Millenials & Gen Z are doom spending? Why we aren't having kids, getting married? We CAN'T afford a home, car, kids, retirement... Child care costs 1/3 of the average income PER CHILD. At 35 y/o kids and a first home passed us by. Don't be surprised that these younger generations want to see it all burn. This economy isn't for us, it never has been. We've been checked out, not by choice

[@michaels7258]

Huh?! Sure buddy

[@OroborusFMA]

The business community blaming inflation on "stimulus" instead of greed (greedflation) is hilarious.

[@geraldbrowne]

Tech companies are the gambling of the market. AI is not the panacea ponzied by these guys and gals.

[@Alpharizzchad]

So AI is how you know what stocks to pick

[@MarekKolenda-cr8vr]

Powell and Fed pumps 1/ 2 trillion $ into banking system before collapse

[@geraldbrowne]

@@Alpharizzchad Not at all. AI is predictive. Not emotional. Perhaps some tech people have developed software to identify algorithm moves and mirror the trades with slight less gain and loss. Just software, scale, and investors. LOL.

[@fhowland]

I just spent $8 on a bagel with cream cheese here in Manhattan. Tell me inflation isn't still a problem?

[@rongibson3643]

Hikes confirmed

[@channelsold3236]

thank you fed this confirms 100% super rate hikes are coming!! we need to drill more oil and we need double digits fed rate now!!! or inflation will spiral out of control 2025 💸 💰 🤑

[@harrychu650]

Again, how will higher rates affect State Insurance Boards approving a 25% increase in Auto insurance premiums? Clearly part of the solution rest with Fiscal Policy or lack there of.

[@jarrydthomas1740]

So energy is going up, oil is going up and you think inflation will come down?

[@wnose]

Who said oil is going up? Price has been trending down for the last few weeks

[@jeremysiegfried110]

The market is inflated - AI tech companies are overvalued driving the market up. The real economy is not looking great. We all know that prices are still going up and the economy is going down. I believe we are going to have a greater correction too and a rate hike will be imminent

[@CryptoMeme]

Love this guy.

[@joesmith3590]

He has never been correct lol.

[@gregorygreene1940]

@@joesmith3590 Who has? YT is chuck full of so called prognosticators with their own pet theories that they have been spouting for years that never come true. How many click bait doom and gloomers are out there? It's laughable.

[@yr6178]

From what I know over decades, there is no so called inflation went down. The price of goods are more expensive year over year, decades over decades..

[@BrokenWill]

Rate cuts will come when the consumer fails.

[@tipstolevelupinlife5837]

or when oil spikes and causes a recession.

[@bubpori5105]

Yield tells a Moderated Inflection Story ! Charting highs verse lows Financial Contango is under Stress Relative Slowing in Economies with Peak Inflation Sometimes turn Around in Rapid Succession !.

[@joesmith3590]

Never heard this guy be smart or right. Part of the right tribe

[@erichvonmolder9310]

What do you mean, he has been correct more times than not. You aren't watching him.

[@joesmith3590]

lol google track record dude is never right. Long nose tribe spotted.

[@joesmith3590]

Look T the responses everyone knows he is clueless. The guys runs scams on linked in dude lol.

[@erichvonmolder9310]

@@joesmith3590 , You are watching something else then. I disagree with you.

[@joesmith3590]

@@erichvonmolder9310 that is fine you can be wrong. Stop being tribal.

[@sumpunonel262]

So why lower the rates at all this year with all this growth and consumer spending? The economy is so good, we are still cutting rates this year?

[@stevechance150]

NEWSFLASH: 2024 Is an election year. Goosing the economy, to help the incumbent, is what we do in an election year.

[@ryann8348]

Rates are probably way too high for 2.8% YoY Core PCE. The data so far makes the Fed think they have time to be patient, but the economy can only take so much of that downward pressure. Once we start to see cracks in the data (which are lagging indicators), rate cuts would take time to work and might be too late. Ideally, we cut rates slowly, keeping them high enough to put the right amount of downward pressure on inflation while not pushing us into a needless recession

[@jimhestermanphotography]

Money printing may have been a factor obviously but you can’t deny the very serious supply shock we went through in virtually everything. Car lots were empty, grocery stores, etc. black rock had been buying homes like crazy for the previous 5 years so supply on homes was lower as well, let alone the rate decrease of building since 2008. it was primarily a supply shock and had there not been some sort of stimulus hundreds of thousands or millions would have ended up homeless. Who got rich from stimulus? The rich did.

[@YesCivic-R]

What is Fed going to do when inflation stay 3% for 6 months or more? If the fed rate is high for 6 months, what happen then?

[@YesCivic-R]

Import goods is lower 3% due to the strength of dollars.

[@alanzolotoff6014]

Our country needs change and it ain’t Biden !!!!!

[@Patrick-yh5yd]

As long as gas prices keep rising inflation will rise.

[@stevechance150]

It's the start of the summer travel season. Gas prices go up this time of year, EVERY YEAR.

[@peterdangelo5882]

@@stevechance150 Less oil being pumped, less gas being made. Enjoy

[@Patrick-yh5yd]

@@stevechance150 Not like this and not under trump

[@banditonehundred]

Sméagol my Precious 🤩

[@richardhodge6817]

This guy is a Broken Record! Why do you keep having him on?! For over 2 years now ‘Inflation is not a problem! Cut rates!’ He’s always been wrong. But you keep having him on, but he’s a professor. So he can always be wrong and keep his tenure.😉

[@ibrahimseth8646]

Debt=60,000B Yield=5% Year=1 Debt(1 Year)=(1.05^1)*60,000B Debt(1 Year)=63,000B Premium=? Yield(Week)=3% Week=50 Premium=63,000B/(1.03^50) Premium=14,370B+- 50 Week=14,370B Week=14,370B/50 Week Week=287.4B Yield(Week)=3% Yield(50 Week)=(1.03^50)*14,370B Yield(50 Week)=63,000B+- Note: Nasdaq, Dow Jones, maybe Gold etc.Dividen not included. Thank you.

[@darrylanderson4764]

Plus usa police hiring pool increases when they get out

[@HoracioDiego]

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[@KathleenJarrell974]

Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of profitable crypto investment. There will be no money in banks you must devise a strategy for survival and I think pacific trade company give room to that even as a newbie in the trading field.

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[@davidtunstall6454]

There are more favourable signs inflation will go up though

[@billmoyer3254]

Nothing is changing. Prices are going up.

[@alanzolotoff6014]

It will all get really good when Trump gets back into office. Me and many friends will not be voting for Biden this time around.

[@taranjitsingh2714]

Gold stocks are undervalued compared to gold prices, wait for earnings and gold stocks will skyrocket and not to mention bad market news that will blast them higher up!! Buy GOLD STOCKS…

[@itsnotujamesjones9244]

Jeremy is great. Get rid of joe.

[@darrylanderson4764]

1 A Andrew, all of them draftess

[@rickhayes-oh2zm]

I listen to the economists banned from cnbc

[@tipstolevelupinlife5837]

guess what I the oracale of alberta

[@darrylanderson4764]

A little chain of command solana joe

[@dgaz3057]

strong economy will get us out of it eventually, have faith....

[@billmoyer3254]

faith does not help us pay for things that are priced ever higher

[@dgaz3057]

@@billmoyer3254 correct

[@Thecarlosperla]

Supply

[@spidercat2841]

He was saying inflation wasn't too bad and they don't need to increase rates during 2023. Imagine how bad inflation would be if the fed listened to this idiot.

[@free-qe6wx]

This guy has been saying inflation would come down since early 2022.

[@hubertdyka3467]

Indeed. He was saying ‘they will be cutting like crazy’. Demented lunatic

[@tipstolevelupinlife5837]

ifnlations over

[@beto8493]

Don't give me hope :')

[@AH-fm7rj]

If Government through deficit adds 6% to economy and inflation adds 6% to economy but economy grows only by 3% instead of 12% then people have got 9% poorer.

[@Fear.of.the.Dark.]

3% economic growth is real gdp. Nominal gdp is 9% if inflation is 6%.

[@drscopeify]

This is why everyone uses "REAL GDP" which is corrected for inflation.

[@erichvonmolder9310]

I wonder how many Bots are making comments?

[@radearpurba3589]

🤔🤫🤫🤝💰🥂🍪🍰👨🏼‍💻🙏🏻

[@user-oj3wk3th7i]

Gas lighting

[@Reynold-Kelly]

I'm favoured $130k every 4 weeks! I now have a good house and can afford anything and also support my family

[@WebsterVissel]

Wow that's huge, how do you make that much monthly? I'm 37 and have been looking for ways to be successful, please how??

[@Reynold-Kelly]

Yeah, since meeting expert Evelyn, I now agree that with an expert managing your portfolio, the rate of profit high, with less risk.

[@Reynold-Kelly]

I will advise you stop trading on your own if you keep losing. And i don't trade on my own anymore, I always required help and assistance

[@VeraBrandt-ln9po]

She's a licensed broker here in the states.

[@MarcusSausi709]

😱Sounds familiar, I have heard her names on several occasions.. And both her success stories on wall street journey!

[@KingLEC3]

This guy says whatever is popular. No real view or opinions. Just chatting to chat

[@jeffc2612]

Is it because we are continuing to print and borrow more money & or spend more money? Or is because the price of energy is on the rise causing the price of food and services to rise. Morons?

[@claudiocorleone7856]

Lol! What a lousy economy and analyst with a poor track record!