A 2nd wave of coronavirus won't stop the stock market's momentum upward, Wharton Professor Jeremy Siegel says

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Wharton professor of finance Jeremey Siegel told CNBC that the stock market would not lose upward momentum if the US were to experience a second wave of COVID-19.

Siegel said that because stocks are so forward looking, a short-term lapse in the economy will not stop long-term moves higher.

The professor also said he believes both tech stocks and cyclical stocks will go higher in 2021 as the US begins to fully re-open.

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Professor Jeremy Siegel told CNBC on Tuesday that it's unlikely a second wave of the coronavirus would derail the stock market's march upward. "We're not anywhere getting near down 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," the Wharton School of Business professor of finance said.

The S&P 500 has rallied more than 55 since its March 23 low. It traded 0.07 higher on Tuesday. See the rest of the story at Business InsiderNOW WATCH: Why Pikes Peak is the most dangerous racetrack in AmericaSee Also:BlackRock unpacks the 4 biggest changes it has made to portfolios since the crisis began 6 months ago and shares how it s positioning to thrive in a post-COVID worldUBS analyzed how 900 stocks perform on positive COVID-19 vaccine news days and concluded that these 17 are poised to jump at least 9 on the next cycle of encouraging headlinesETF managers who target 2 of the market's hottest themes gave us inside looks into their investing approaches including a gig economy strategy that is up 45 this year

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