Jeremy Siegel

The S&P 500 will set a new record high before the end of 2020, barring a serious second Covid wave.

“In fact, given no serious second wave, which could mean just effective therapeutics without even a universal vaccine, my feeling is it's even a likelihood that we will reach”

Said on

26 May 2020 · Interview on CNBC's Halftime Report (CNBC's text completes the sentence as "fresh record highs" this year)

Source

Wharton's Jeremy Siegel says new stock market high this year is a 'real possibility' · CNBC

Should come true

2020

How sure they sounded

my feeling is it's even a likelihood

Categories

MarketsHealth

Importance

2 of 5 · Call on a full market recovery from the Covid crash within the year; matters to investors.

Outcome

Accurate Happened 18 August 2020.

The S&P 500 closed at a record 3,389.78 on August 18, 2020, above its February 19 peak of 3,386.15, less than three months after the call.

Evidence:

• https://fred.stlouisfed.org/series/SP500