Wharton professor Jeremy Siegel has long been bullish on the market—and over the past few years, he's been dead-on.
In early 2012, he famously called for Dow 15,000 by the end of 2013, and after enduring much mockery, Siegel saw the index hit his target in May.
The bull isn't changing his stripes. As the market has risen, Siegel's targets have, too.
On the Dow, "my target is 16,000 to 17,000 for the end of this year," Siegel said on Tuesday's "Futures Now." "And I think 18,000 is definitely achievable in 2014."
Why is Siegel so unabashedly bullish? Because he believes the market is in the midst of a uniquely bullish tug of war.
On one side is the Federal Reserve's quantitative easing program, which is pushing down bond yields. On the other is an economy that Siegel believes will accelerate in the second half of the year.