The stock market has 'a ways to go' as increased liquidity flows into stocks, Wharton professor Jeremy Siegel says
The stock market still has"a ways to go" even as it approaches record all-time highs, according to Wharton professor Jeremy Siegel.
In an interview with CNBC on Wednesday, Siegel noted that there has been a boom in liquidity thanks to central bank policies in response to the COVID-19 pandemic, and that liquidity is going to flow into stocks. "I think all this money is going to be flowing right into the economy and into the stock market," Siegel argued.
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