WisdomTree’s Professor Siegel on Market Outlook

With 2023 drawing to a close, the time has come once again to take a longer look at what next year might bring. As part of VettaFi’s 2024 Market Outlook Symposium, Vettafi Vice Chairman Robert Huebscher sat down with Professor Jeremy Siegel to discuss. Siegel, Russell E. Palmer Professor Emeritus of Finance at the Wharton School, who also serves as WisdomTree’s senior economist, took the time to share his thoughts on the 2024 market outlook.

WisdomTree’s Professor Siegel on Market Outlook

Robert Huebscher

The pair’s conversation followed recent dovish signaling from the Fed. For Siegel, 2023 saw a “tale of two markets” take place, with the so-called Magnificent Seven on one side and styles like value on the other. In 2024, he believes, markets will see a reversal, with value and small stocks shedding their lethargy as part of his market outlook.

“I’m not saying these large stocks won’t do well, they’ve got incredible franchises and growth prospects, but I’m bullish and I’m going to say they’re 10% to 15% from today’s level toward the end of 2024,” Siegel said.