Wharton's Jeremy Siegel Dismisses Stagflation Concerns, Maintains Positive Outlook on US Equities: 'This Is Not a Late-Cycle Stagnation Narrative' | Intellectia.AI
Wharton's Jeremy Siegel Dismisses Stagflation Concerns, Maintains Positive Outlook on US Equities: 'This Is Not a Late-Cycle Stagnation Narrative'
Written by Emily J. Thompson, Senior Investment Analyst
U.S. Economic Resilience: The U.S. economy is showing resilience due to factors like a shift in immigration policy under the Trump administration, which has reduced the influx of less-productive labor, thereby increasing average output per worker.
Growth Projections: The Federal Reserve Bank of Atlanta has revised its GDP estimate for Q4 to 5.4%, indicating stronger-than-expected growth, while the economy's performance in Q3 also exceeded expectations.
Investment Trends: Firms are increasingly focusing on investing in technology and process efficiency to address labor shortages, which is seen as essential for sustaining economic growth without reigniting inflation.
Market Sentiment: Despite a decline in U.S. equities, the overall market sentiment remains neutral, with investors advised to broaden their exposure beyond major tech names and prepare for a potentially growing earnings environment in 2026.
Wall Street analysts forecast SPY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast SPY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 688.980
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Current: 688.980
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
