Fisher Investments’ Founder Ken Fisher Reviews Markets in 2023 and Provides His 2024 Outlook
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- Опубліковано 11 січ 2024
- Fisher Investments’ founder, Executive Chairman and Co-Chief Investment Officer Ken Fisher shares his 2024 outlook for stocks. Ken believes this year will be positive for stocks-perhaps not quite as strong as 2023-but strong nonetheless.
Contrary to investor fears, politics should be a tailwind this year. Ken says politicians typically shift focus to campaigning in a US presidential election year, which lowers the risk of controversial legislation-a dynamic he believes helps explain why election years have been positive 83% of the time historically.* Ken also thinks investor sentiment will slowly become more optimistic as economic growth normalizes. As a result, he believes market leadership may eventually shift towards value-oriented companies when the underlying strength of the economy becomes more widely appreciated. Among other factors Ken expects to benefit markets in 2024, he also reminds us how new bull markets that make it to their first year anniversary-as this current bull market did in October 2023-historically nearly always make it to their second anniversary.
For more of Ken Fisher’s thoughts on the markets, visit us at www.fisherinvestments.com.
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*Source: Global Financial Data, Inc., as of 12/13/2023. S&P 500 total return in presidents’ fourth years.
Investing in securities involves a risk of loss. Past performance is never a guarantee of future returns. Investing in foreign stock markets involves additional risks, such as the risk of currency fluctuations. The foregoing constitutes the general views of Fisher Investments and should not be regarded as personalized investment advice. Nothing herein is intended to be a recommendation. The opinions expressed are subject to change without notice.
Words of wisdom! I follow him for years and read his books. Very valuable!
Thank you, Mr Fisher. Always appreciate you dharing your sage wisdom and perspective.
Fantastic insights. Thankyou for providing them so generously to us. Happy new year.
Thanks for publishing these Ken! So valuable to have historical perspective on the current times.
Fisher was bang on with his 2023 outlook. Excellent info
History repeats itself huh, that is so interesting .Those comparisons (1966-2022 )reminded me of Ben Grahams quote "Those who do not remember the past are condemned to repeat it" FASCINATING
Thank you, Mr. Fisher 🙏😎
Great and exceptional insight!
Excellent work Ken,
Thank you
It's always a pleasure to listen to your comments on the markets. Please continue like that. I wish you the best from Germany.
Ken doesn’t have a crystal ball but does have much wisdom and he gets closer than most
Thanks Ken. I really appreciate your insight and the way you deliver it.
Your insight is always helpful and guides me well. Thank you for your videos!
Always so informative to hear you Ken - thank you!
I always enjoy listening to Ken's outlook on things !
Thanks for sharing! Appreciate your POV
Greatings from Poland!
Some great information.
Interesting insights and a very unique speaking style.
Great vid
Love your show
This is gold
Thank you Ken
This video was “C. R. AZY!” Good 😂
Loved it
❤
"History repeats itself..."
Indeed it does, but it's not because we can't learn from it, but because we are deaf to *_reason._* Mr. Fisher puts forth a great thesis, and it's one I share in conclusion (stock market direction) but not in reasons.
I also believe that there is are causal factors...this pattern is not a coincidence. It is related to the elections only because politicians have since been *_distributing your tax dollars_* more and more generously with little or no regard for the ethical conflict of interests doing so creates. They certainly have no understanding of the consequences. Modern politicians are literally destroying the idea of Law by being charitable with both the money they take from you (and future generations by borrowing) and the political powers *_the People_* cede to them at every election. There are huge risks in doing this. COVID brought many of them to the surface.
I also believe that the influence of this distribution scheme is losing its power; Capitalists are adapting to the risks...just like we always have.
The USA abandoned the economic ideas (ignorantly, I think) that created our modern world in the early 20th Century. FDR and his gang of thugs took advantage of this "ignorance" during the 1930's. LBJ accelerated the abandonment in the mid-'60's, driven by another ignorant generation...the Boomers. China is on its own similar cycle, except they are more honest about it; they refuse to abandon the totalitarian habits - and titles - of Communism. Europe has never fully embraced economic freedom; they still cling to nationalism or royalty.
This appears to be a "rinse-and-repeat" cycle except for one thing: there is no such thing as infinity. Cycles of human history do *_not_* repeat indefinitely. Reason does prevail...humans would have gone extinct long ago if it did not. I think some of the "ignorance" that enabled FDR and LBJ and their thugs to do what they did is gone...and better still, it is quickly disappearing.
My question to you, Mr. Fisher, is this: what if the lessons from that era (the late 1960's) have been learned? What facts would upset the historical trend?
If the rally in tech and high-end consumer goods fades and the style switches to value stocks does that mean the gains in tech will simply slow compared to value stocks or will they lose some of those gains?
😊
Thanks Ken, always good insights, highly appreciated