The Nasdaq will go into bear market territory and the S&P 500 will suffer a correction, according to Jeremy Siegel.
Q4 2021 hedge fund letters, conferences and more
So far this year, the Nasdaq is down 14.5% and the S&P 500 is down 8.7%. A bear market is traditionally defined as a 20% decline and a correction as a 10% decline.
Siegel spoke to investors via a conference call hosted by WisdomTree Investments, where he serves as senior investment strategy advisor. He is the Russell E. Palmer Emeritus Professor of Finance at the Wharton School of the University of Pennsylvania.
The market is also experiencing a rotation, he said, which will continue....
