The stock market's current valuation is 'a really good deal' for long-term investors trying to build wealth, Wharton professor Jeremy Siegel says

• The stock market's current valuation represents "a really good deal" for investors, according to Wharton professor Jeremy Siegel.
• The S&P 500 is trading at a forward price-to-earnings ratio of about 19x, slightly above its historical average.
• Siegel expects the stock market to hold up relatively well into year-end despite high interest rates and a rising US dollar.

Long-term investors that are trying to build wealth should continue to buy stocks, according to Wharton professor Jeremy Siegel.

Siegel told CNBC on Tuesday that the stock market's current valuation represents "a really good deal" even as investors worry about a potential recession, elevated interest rates, and high inflation.