While the US stock market continues to struggle as a result of various institutional and political forces, Jeremy Siegel, professor of Finance at the University of Pennsylvanias Wharton School of Business, remains optimistic about the state of the market in 2019.
Speaking in an interview on CNBCs Squawk on the Street, Siegel predicted that equity markets in the United States would have a good year, rising in the range of 5 to 15 percent.
We went from a rosy view to now, Oh my God, theres going to be a recession. The truth will be somewhere in between, and that leaves the stock market very attractive now.
Using the current valuations levels, he said that even if there is no growth in earnings this year, the current realities make it a cheap market. He acknowledged that a recession could drag the already-battered markets a bit, but he maintained that this wasnt going to happen.
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https://www.ccn.com/stock-market-will-have-good-year-in-2019-wharton-finance-prof/That is nice and. I believe that 2019, will be a better year in both stocks, forex and cryptocurrencies market. Many stocks are in downwards trend since January last year till now and if this continue we may have another financial crisis! We are going to have many political and financial issues resolved that are going to translate into bullish trend.
Cryptocurrencies market on the other hand is going to move in a positive direction and I believe that 2019 is going to be another years of bull run if ETF is approve. We are going to also have more institutional investors coming into cryptocurrencies market in 2019.