Behind the Markets Podcast · Friday, July 31, 2026
Jeremy Siegel believes the market's direction hinges significantly on oil prices. He suggests that if oil prices fall back to $70, potentially due to a resolution in current conflicts, the market could rally significantly. Conversely, rising oil prices could dampen consumer sentiment and hinder market growth.
“And, um, you know, uh, uh, you know, uh, uh, you know, oil has stayed much lower than people thought.”
“I think oil, if oil goes back down to 70, um, you know, some sort of, uh, you know, arrangement by which a lot of oil goes through. I think this market can really rally upward.”
“But if oil continues up. Um, you know, uh, uh, you know, uh, um, you know, we're getting again these disparate results.”