Nasdaq Will Fall Into Bear Market, Wharton’s Siegel Says

(Bloomberg) — A “rocky” stretch for U.S. stocks is far from over, with the tech-heavy Nasdaq indexes poised to fall into bear markets thanks to the Federal Reserve’s newfound zeal to undercut inflation, according to Jeremy Siegel, finance professor at the Wharton School of the University of Pennsylvania.

Most Read from Bloomberg

The long-time market watcher said he expects more than four interest-rate hikes this year, a risk that “equities are not really priced for.” He sees a 20%…

Read More