Falling Yields Reinforce Equity Market Resilience | June 1, 2026 | Professor Siegel Weekly Commentary | WisdomTree

Professor Siegel maintains a constructive and optimistic outlook on the equity markets, highlighting their ongoing resilience. This positive backdrop is driven by a combination of easing Treasury yields, a recent dip in oil and gasoline prices, and a strong, ongoing investment cycle in artificial intelligence (AI) infrastructure. While recent economic data (like revised Q1 GDP) showed some deceleration, forward-looking indicators point to continued economic expansion rather than a recession. Furthermore, a quiet but significant shift is happening in liquidity, with M2 money supply expanding for three consecutive months. Siegel also pushes back against recent media claims that the equity risk premium has vanished, arguing that such claims make the fundamental mistake of comparing real stock yields to nominal bond yields.

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Key Takeaways

• Market Resilience & Easing Headwinds: Risk assets are being supported by WTI crude retreating toward $87/barrel and the 10-year Treasury yield backing down to around 4.44%. While Siegel expects energy prices to stay structurally elevated due to geopolitics, the recent dip relieves near-term pressure on consumers.