“Possibly the Magazine 7 will do nothing subsequent yr” and undervalued small- and mid-cap shares “are lastly going to have their day within the solar,” added Siegel, a Wharton College finance professor emeritus. “I believe that that is excellent, and that’ll maintain the bull going.”
The Magnificent 7, which contains one-third of the S&P 500 valuation, “is likely to be flattish” subsequent yr, Siegel stated.
He instructed that it is likely to be onerous for the S&P 500 to achieve one other 5% this month, as some positive factors might have been pulled into November following Donald Trump’s presidential election win.
“We’re at excessive valuations however not extraordinary,” Siegel stated.
