The stock market has 'a ways to go' as increased liquidity flows into stocks, Wharton professor Jeremy Siegel says

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• The stock market still has "a ways to go" even as it approaches record all-time highs, according to Wharton professor Jeremy Siegel.
• In an interview with CNBC on Wednesday, Siegel said that the increased liquidity from central bank policies in response to the COVID-19 pandemic will flow into stocks, pushing them past record highs. 
• Siegel expects a "spending boom" to occur in 2021 as pent-up demand from consumers and increased liquidity is unleashed on the economy once a successful vaccine is developed.
• And with bond yields near record lows, there is no alternative to stocks, Siegel argued.
• Visit Business Insider's homepage for more stories.

Despite the S&P 500 closing in on record all-time highs, there's still "a ways to go" higher for the stock market, according to Wharton professor Jeremy Siegel.

In an interview with CNBC on Wednesday, Siegel noted that there has been a boom in liquidity thanks to central bank policies in response to the COVID-19 pandemic, and that liquidity is going to flow into stocks.See the rest of the story at Business Insider

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