Video by Fisher Investments via YouTube
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.
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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.