Wharton's Jeremy Siegel says hot inflation is not the enemy of stocks. Here's why

Jeremy Siegel
Scott Mlyn | CNBC

Wharton School finance professor Jeremy Siegel told CNBC on Tuesday that rising inflation should not be seen as a reason to sell stocks.

"Stocks are long-term excellent hedges against inflation," Siegel said in an interview on "Halftime Report," contrary to much of the conventional wisdom on Wall Street.

"I think there's going to be a lot more inflation," added Siegel, a longtime market bull. But he added, "I'm not selling my stocks."

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