Jeremy Siegel

A fall 2020 Covid spike will cause at most a small pause in stocks, with no serious correction and no return toward the March 2020 lows.

“It's not going to be a serious correction, not anywhere again down near those March lows. A little pause if we get that wave, but I don't think it's going to really stop the longer-term momentum upward”

Said on

25 August 2020 · Interview on CNBC's Squawk Box

Source

Even another coronavirus spike in the fall won't derail Wall Street's rally, says Jeremy Siegel · CNBC

Should come true

Q4 2020

How sure they sounded

It's not going to be; I don't think

Categories

MarketsHealth

Importance

2 of 5 · Short-term market call during the pandemic; matters to investors.

Outcome

Accurate Happened 31 December 2020.

The S&P 500 pulled back about 10% from its September 2 high to a 3,236.92 close on September 23, 2020, far above the March 23 low of 2,237.40, and then reached new records in November and December despite the fall Covid wave.

Evidence:

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