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08.12 - 17:23
Market is ‘one more bad inflation report’ away from a correction, Wharton’s Jeremy Siegel warns
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Long-term market bull Jeremy Siegel expects a serious pullback that it isn't tied to the Covid-19 surge risks.
His tipping point: a drastic change in Federal Reserve policy in order to deal with hot inflation.
«If the Fed suddenly gets tougher, I'm not sure that the market is going to be ready for a U-turn that [chair] Jerome Powell may take if we have one more bad inflation report,» the Wharton finance professor told CNBC's "Trading Nation" on Friday. «A correction will come.»
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