in this market value names are the place to be according to wharton business school professor emeritus jeremy siegel the longterm investor is staying in the market and says the recent environment has provided a good opportunity for young people with cash i think this is a great time to come in siegel said on cnbcs  squawk box  tuesday volatility has been a major theme for the stock market this year with the s  p 500 down about 20 so far in 2022 the tech sector once a high flier has been particularly hard hit the techheavy nasdaq has lost nearly 30 year to date siegel sees the momentum continuing for value stocks  which he said are trading for 12 or 13 times earnings in comparison the s  p 500 has a pricetoearnings ratio of 17 according to factset the key is to stay diversified instead of focusing on specific sectors he noted the swing that we saw still has a way to go away from the tech more towards dividend paying more towards those value investments in 2023 siegel said what could derail markets is the federal reserve continuing its aggressive rate hikes into next year he said the central bank is expected to raise rates by 75 basis points next week in an effort to combat inflation what scares the market the most is the fed is going to stay this tight through 2023 which i absolutely think would be really a disaster for the economy he said in fact siegel said he expects the feds interest rate increases are already making an impact on inflation there is going to be a pivot soon siegel said of fed policymakers while he still expects there will be a 75 basis point hike next week hes anticipating some language that could indicate the fed may slow down i think they are going to acknowledge that there has been a tremendous amount of progress made on inflation he said