In regards to a recent note from Goldman Sachs that said the stock market will likely end flat in 2023, Siegel said, “I think they’re being way too pessimistic… I think the market is undervalued.”
“It’s taken way too long for the Fed to get it and they haven’t gotten it yet that inflation is basically over, but they will, and I think they’re going to get it maybe very late this year or early next year. And I think as soon as they get it you’re going to see a big increase in equity prices,” he said.
