U.S. stocks ended 2018 skimming bear market territory. In the new year, the market has bounced back somewhat but remains volatile. Wharton finance professor Jeremy Siegel and Gad Allon, director of the Jerome Fisher Program in Management and Technology and professor of operations, information and decisions, shed light on the market outlook.
The Dow Jones Industrial Average ended up seeing a decline of more than 10 percent last year, and the Nasdaq and the S&P 500 saw declines, as well. The factors that led to some of this uncertainty are still in place, including the U.S. trade war with China, and President Trump’s open disagreement with the Federal Reserve’s decision to raise interest rates. Siegel and Allon revisit predictions made the previous year and their outcomes, and make market predictions concerning bond markets, tech firms, big players like Apple and Amazon, and anticipated IPOs.
As part of the “2019: A Look Ahead” series, the discussion covers Fed rate hikes, and the impact of the U.S.-China trade war.
Read more at Knowledge@Wharton.
