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Wall Street may be on the verge of an uncharacteristically painful quarter.

Wharton finance professor Jeremy Siegel, who’s known for his positive market forecasts, is sounding the alarm on the market’s ability to cope with inflation.

“We’re headed for some trouble ahead,” he told CNBC’s “Trading Nation” on Friday. “Inflation, in general, is going to be a much bigger problem than the Fed believes.”

Siegel warns there are serious risks tied to rising prices.

“There’s going to be pressure on the Fed to accelerate its taper process,'” he said. “I do not believe that the market is prepared for an accelerated taper.”

His cautious shift is a clear departure from his bullishness in early January. On Jan. 4 on “Trading Nation,” he correctly predicted the Dow would hit 35,000 in 2021, a 14% jump from the year’s first market open. The index hit an all-time high of 35,631.19 on August 16. On Friday, it closed at 34,326.46.

According to Siegel, the biggest threat facing Wall Street is Federal Reserve chair Jerome Powell stepping away from easy money policies much sooner than expected due to surging inflation.

“We all know that a lot of the levity of the equity market is related to the liquidity that the Fed has provided. If that’s going to be taken away faster, that also means that interest rate hikes are going to occur sooner,” he noted. “Both those things are not positives for the equity market.”

Siegel is particularly concerned about the impact on growth stocks, particularly technology. He suggests the tech-heavy Nasdaq, which is 5% away from its record high, is set up for sharp losses.

“There will be a challenge for the long duration stocks,” said Siegel. “The tilt will be towards the value stocks.”

He sees the backdrop boding well for companies benefitting from rising rates, have pricing power and deliver dividends.

“Yield is scarce and you don’t want to lock yourself into to long-term government bonds which I think are going to suffer quite a dramatically over the next six months,” he said.

The inflationary backdrop, according to Siegel, may set-up underperformers utilities and consumer staples, known for their dividends, for a strong run.

“They may have their day in the sun finally,” said Siegel. “If you have a dividend, firms can raise their prices and historically dividends are inflation-protected. They’re not as stable, of course, as a government bond. But they have that inflation protection and a positive yield.”

Siegel is bullish on gold, too. He believes it has become relatively cheap as an inflation hedge and cites bitcoin‘s popularity as a reason.

‘They’re turning to bitcoin, and I think ignoring gold’

“I remember inflation in the 70s. Everyone turned to gold. They turned to collectables. They turned to precious metals,” he said. “Today in our digital world, they’re turning to bitcoin, and I think ignoring gold.”

He’s also not put off by the jump in real estate prices.

“I don’t think it’s a bubble,” Siegel said. “Investors have foreseen some of this inflation…. Mortgage rates are going to have to rise an awful lot more to really, I think, dent real estate. So, I think real estate [and] REITs still are good assets to own.”

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Podcast: GMC Sierra EV Denali first drive, Hyundai Ioniq 9 unveiling, Jaguar rebranding, and more

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Podcast: GMC Sierra EV Denali first drive, Hyundai Ioniq 9 unveiling, Jaguar rebranding, and more

In the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. In this week’s episode, we discuss our GMC Sierra EV Denali first drive, Hyundai Ioniq 9 unveiling, Jaguar’s rebranding, and more.

Sponsored by ALSET Auto: North America’s leader in paint protection and restyling; offering colored wraps, paint protection, window tint, ceramic coatings and more, exclusively on EVs.

The show is live every Friday at 4 p.m. ET on Electrek’s YouTube channel.

As a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. Head to the YouTube channel to get your questions and comments in.

After the show ends at around 5 p.m. ET, the video will be archived on YouTube and the audio on all your favorite podcast apps:

We now have a Patreon if you want to help us avoid more ads and invest more in our content. We have some awesome gifts for our Patreons and more coming.

Here are a few of the articles that we will discuss during the podcast:

Here’s the live stream for today’s episode starting at 4:00 p.m. ET (or the video after 5 p.m. ET):

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The electric Chrysler Pacifica is finally coming, but not soon enough

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The electric Chrysler Pacifica is finally coming, but not soon enough

It’s official: Chrysler will finally launch an electric Pacifica minivan. The company is developing clever storage ideas that could make it even more functional than Volkswagen’s recently introduced ID.Buzz. But you’ll have to wait a little longer to get your hands on one.

Chrysler confirms plans to launch an electric Pacifica

Chrysler has yet to release its first fully electric vehicle. Although the nearly 100-year-old automaker has teased several EV concepts, we have yet to see one come to fruition. That will change soon.

Earlier this year, the company revealed its Halcyon Concept, a futuristic sports car-like EV drastically different from Chrysler vehicles currently on the road. The model builds on previous concepts, like the Airflow crossover introduced in 2022.

Chrysler’s CEO, Christine Feuell, said the Halycon would be brought to life with advanced new tech from parent company Stellantis, sleek new styling, and a software-defined connected cockpit.

The radical design will be used in future Chrysler vehicles, including the electric Pacifica. At the LA Auto Show this week, Feuell confirmed to GreenCarReports that the Pacifica is due for an overhaul in 2026. The refresh will lay the groundwork for the first electric Pacifica, which is expected to launch the following year.

electric-Chrysler-Pacifica
Chrysler electric Halcyon Concept (Source: Stellantis)

Chrysler’s CEO hinted the upcoming Pacifica EV could challenge Volkswagen’s ID.Buzz, the first electric minivan to arrive in the US.

While you’ll need to remove the seats for that open-air space in the ID.Buzz, Chrysler is working on more functional solutions. According to Feuell, the company is developing a system like its patented Stow ‘N Go Seating to open up space in the rear.

electric-Chrysler-Pacifica-interior
2025 Chrysler Pacifica PHEV interior (Source: Stellantis)

Although nothing is set in stone, one option is adjustable front seats, enabling the second row to be stored underneath.

Electrek’s Take

As Chrysler’s only production model in 2024, it only makes sense to launch an electric Pacifica. The Pacifica hybrid was the fourth best-selling plug-in hybrid in the US in Q3. It also accounted for 14% (3,009) of the 21,504 Pacifica models sold last quarter.

Meanwhile, the company is quickly losing market share in the US. Pacifica sales crashed 44% in Q3 and are down 18% through September.

Several new larger electric SUVs, like the Kia EV9, are already hitting the market, and more are on the way, including the recently unveiled Hyundai IONIQ 9. With the electric Pacifica not due out until 2027 (at the earliest), Chrysler will likely continue losing ground as new, more advanced competitors roll out.

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Tesla converts Shell gas station into Supercharger and it looks awesome

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Tesla converts Shell gas station into Supercharger and it looks awesome

Tesla has converted an entire Shell gas station into a Supercharger station for electric vehicles in Spain, and it looks fantastic.

One of the favorite arguments of electric vehicle naysayers is that there are not as many charging stations as gas stations – making EVs less convenient.

The argument is flawed since most EVs are charged overnight when parked, and they can be charged literally anywhere there’s an electric outlet, which is not the case with gas-powered vehicles.

Most of the time, charging electric vehicles is more convenient than refueling a gas-powered car, and that’s going to become more widespread as time goes on because there are more charging stations being deployed, and many gas stations are going away.

In some markets where electric vehicles are being adopted at a higher rate, like in Norway, gas stations have been closing left and right.

In some cases, EV charging stations are directly replacing some.

Today, we get to see a beautiful example in Cordoba, Spain, where Tesla took over a Shell gas station and converted it into (hat tip to Aland≡Bru on X):

While it is not completed, it’s particularly interesting to see that Tesla has kept a similar design to the classic gas station setup.

To be fair, this is not exactly a new concept. There’s even a company that specializes in replacing gas stations with EV charging stations.

We have also previously seen gas station operators replacing gas pumps with charging stalls.

Interestingly, even the oil giant Shell, which is seeing its gas station here replaced by a Tesla Supercharger here, is investing in electric vehicle charging through several new efforts.

The only thing missing to this charging station is solar power, which is the best way to charger your electric car, and the best solar is on your home. If you want to find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage. EnergySage is a free service that makes it easy for you to go solar – whether you’re a homeowner or renter. They have hundreds of vetted solar installers competing for your business (including Tesla and Powerwall certified installers in some markets), ensuring you get high-quality solutions and save 20 to 30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.

Your personalized solar quotes are easy to compare online, and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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