The Nasdaq rebound may last shorter than a New York minute.
Wharton School finance professor Jeremy Siegel sees near-term trouble, saying the backdrop dramatically supports the reopening trade over Big Tech and growth plays.
“I’ve been extremely bullish here for nine months,” he told CNBC’s “Trading Nation” on Tuesday. “This stock market still has a way to go up.”
Siegel warns challenges associated with higher interest rates and optimism surrounding economic reopenings will continue to weigh on growth trades.
“I don’t think they’re going to do badly. We’re not going to have a crash like