Fisher in the News

Fisher Investments frequently publishes various forms of content to share our thoughts on capital markets, economic activity, investor sentiment and more. Please visit this page to catch up on the most recent news from Fisher Investments, our Chairman and Co-chief Investment Officer Ken Fisher and other thought-leaders around the firm.

Ken Fisher wrote a monthly “Portfolio Strategy” column for Forbes for over 30 years, making him the longest continuously running columnist in the magazine’s 100-year history. Ken is a regular contributor to several publications, has authored 11 books—including 4 New York Times bestsellers—and has been featured in publications globally. Fisher Investments Senior Vice President of Research Aaron Anderson wrote Own the World—a book providing investors with tools and insights to build a global portfolio—and he is often featured in Reuters, The Wall Street Journal and other global publications. Similarly, Senior Vice President Michael Hanson authored 20/20 Money—a book to help investors see the investment landscape more clearly—and he appears regularly on Reuters TV and other major media programs to discuss markets and the economy. Any of the articles, books or commentary produced by Fisher Investments or its subsidiaries may be available to clients through their Investment Counselors.

Blinded By the Light - The Blinding Light of Fed Guidance

By Ken Fisher, Real Clear Markets, 08/11/2022

Is forward guidance dead? Just as Federal Reserve Chair Jerome Powell announced he and his crew would quit telegraphing future interest rate moves last month, he kept jabbering about … future interest rate moves. Other Talking Fed heads followed. This Fed flip-flop exemplifies everything wrong with forward guidance: It threatens central bank credibility while telling investors nothing useful. Members’ views change too frequently and err too often to have ever meant much. The guidance is better with no guidance.

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The Unseen Entanglement Shows How Stocks’ Recovery Should Look

By Ken Fisher, LinkedIn, 07/27/2022

When world stocks and the S&P 500 entered an official bear market on June 13, it prompted a flood of fearful headlines proclaiming worse ahead. Overwhelmingly pundits see the post mid-June uptick as a bear market rally—and one sure to fizzle into a deeper decline. Perhaps. But as I detailed in May, now is no time to fall prey to The Great Humiliator’s tricks and fearfully sell. It is a time to position for the future recovery. Here I explain why it is most likely led by growth stocks.

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The Midterm Election Miracle Set to Soothe Stocks

By Ken Fisher, Real Clear Markets, 07/26/2022

After a difficult, fearful first half, so many worry only worse lies ahead. But this year’s second half holds a secret stock market force hiding in plain sight: America’s midterm elections. Yes, those raucous contests voters hate. They routinely deliver the relative or absolute gridlocked, do-nothing governments stocks love—and buoy markets in route. Let me explain.

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The 'Strong Dollar' Is Not Something You Should Worry About

By Ken Fisher, Real Clear Markets, 07/14/2022

After a first-half fear fest, a new scare story has investors shivering: the Attack of the Greenback. The US dollar is up 9.0% this year against a trade-weighted basket of global currencies and 16.1% since last June. It is flirting with parity against the euro for the first time in 20 years and at 30-year highs against the yen and pound.

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Who You Gonna Call? PoDbusters!

By Ken Fisher, LinkedIn, 06/27/2022

On the whacky side, while the S&P 500 fell as much as -23.0% off January’s high, piercing the -20% bear market threshold, it still acts a lot like an oversized correction—in one peculiar way. It seems fueled by seemingly endless scary stories that, alone or in combination, lack enough power to cause all the bad so many fear. It’s hard to get your head around them all. 

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Myopia Is Misery: Look to the Growth-Led Recovery That's Lurking

By Ken Fisher, Real Clear Markets, 06/25/2022

Many argue that newly confirmed bear market has long and far to fall—particularly for big Tech and growth stocks. Others just fear it. Maybe. With inflation-phobia globally, Russian attacks threatening grain supplies and endless intensifying recession chatter, the bad news won’t vanish overnight.

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It's time to buy the Big Tech dip

By Aaron Anderson, Reuters, 06/21/2022

Shares in technology giants have plummeted this year - with Apple 25% down, Amazon 36% and Facebook owner Meta Platforms 51% lower as fears of a U.S. recession grow. But Fisher Investments' Aaron Anderson told us now is the time to buy - before they bounce back up.

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Pessimism Is the Great Humiliator of the 'Great Humiliator'

By Ken Fisher, Real Clear Markets, 06/18/2022

Six months swooning—stocks’ 2022 slump has persisted that long, fully doubling market corrections’ typical duration. What makes this slide so tenacious? Many blanche that question as unimportant, presuming it is instead a bear market.

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Powerful, Unseen Positives Signal Classic Correction, Not a Bear

By Ken Fisher, Real Clear Markets, 05/10/2022

Fall in to the gap\! The gap between expectations and reality, that is—always stocks’ chief driver. Today it’s a big, yawning chasm. The tragic, grinding Ukraine war, hot inflation, rising interest rates, a negative GDP quarter, central bank “tightening,” China’s lockdowns—all this and more torpedoed sentiment during 2022’s first third. Beneath this sour surface stir powerful positives—doubly strong because they are unseen. Their stealthy presence amid widespread gloom is more evidence this downturn is a classic correction, not a new bear market.

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The Key to Surviving All This Volatility? Keep Your Cool

By Ken Fisher, Real Clear Markets, 03/22/2022

Dizzy from world stocks’ wild whipsawing? It’s yo-yoing many investors from panic to sweet relief and back repeatedly amid frightful headlines. Who knows when the frenetic ride ends?  No one possesses such clairvoyance. But history shows those maintaining your cool during corrections like this earns big rewards later. To help toward that, here is my volatility survival guide.

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On the Matter of Oil's Surge, Look Past the War Fog

By Ken Fisher, Real Clear Markets, 03/11/2022

How high will it climb? Surging oil prices are stinging many. Now President Biden’s and British Prime Minister Boris Johnson’s bans on Russian oil spur fears of far higher oil ahead, triggering a bear market, recession and more.  Nosebleed level crude prices are painful for consumers, pretty much all of them.  But economically, oil has a more nuanced tale to tell. For one, the Biden-Boris bans won’t change much. They’re mostly symbolism. Importantly, high oil prices mostly shift output and consumption around. They don’t squash it outright.

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This Is a Classic Correction, Not a Bear Market, Russia Aside

By Ken Fisher, Real Clear Markets, 02/25/2022

What now? January’s drop bled right into February, with stocks’ slide into “correction” territory igniting fears the post-lockdown bull market is dead. Lingering supply chain snarls, $100 oil, Russia and Ukraine, the Fed lurching toward hiking—it’s all transfixing investors. Don’t fret. View past the fretful haze, smoke, haunted house freights and mirrors to see economic, political and sentiment drivers pointing up. This bull market is alive—it will bounce back.

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Fisher Investments Named a 2022 Top Workplace

By Fisher Investments, PR Newswire, 02/02/2022

Fisher Investments, one of the world's largest independent, fee-only investment advisers, was named to the 2022 Top Workplaces USA list for the second consecutive year.

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Don't Fret Rising Rates. They Won't Wreck Stocks Or The Economy

By Ken Fisher, Real Clear Markets, 01/27/2022

Will interest rates really jump in 2022? Inflation surges. The Fed and most central banks seem soon to “tighten.” Recent rising long-term rates have nearly everyone convinced much higher rates loom. Further, most think stocks’ January selloff—especially growth stocks’--portend a steeper swoon. Don’t believe it!

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Surprise! This Bull Market Survives 2022...And Beyond...

By Ken Fisher, Real Clear Markets, 01/13/2022

Stocks routinely do what is both least expected and surprisingly rational afterwards. While I only forecast one year at a time, what nobody expects now—hence, what is likeliest—is two or three more great bull market years. Before you reject this, let me explain.

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Fisher Investments erhält Auszeichnung von Citywire Deutschland für seine „Global Equity Blend"-Strategie

By Fisher Investments, PR Newswire, 01/03/2022

Fisher Investments, eine der weltweit größten unabhängigen Honorar-Anlageberatungen, wurde 2021 von Citywire Deutschland als bester Verwalter einer „Global Equity Blend"-Strategie ausgezeichnet. Mit den Citywire Deutschland Awards werden Anlageverwalter für bestimmte Strategien geehrt, die institutionellen Anlegern in Deutschland während der letzten drei Jahre (bis zum 31. August 2021) zur Verfügung standen.

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The More Wealth Inequality, the More Comfortable Your Retirement

By Ken Fisher, Real Clear Markets, 12/27/2021

Two years of COVID malaise, with most news from here to Timbuktu so dreary, is there anything to toast this New Year’s? Few fathom it, but yes—beyond the COVID clouds and trials and tribulations since 2019, people and firms have already sown the seeds of a brighter, more prosperous future. Look to this to avoid getting sideswiped by gloom.

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Energy Prices Will Subside, With or Without QE

By Ken Fisher, Real Clear Markets, 10/15/2021

Hurry up and taper! So say the consensus of pundits now, morphing from months of fearing the Fed ending quantitative easing’s bond buying would crush stocks and the economy.

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Stocks Close Lower To End September After Volatile Month

By Aaron Anderson, Cheddar, 09/30/2021

Stocks closed lower as September saw the worst monthly performance of 2021. Aaron Anderson, SVP of Research at Fisher Investments, joins Cheddar News' Closing Bell to discuss why all three major indexes took a tumble, what investors will be anticipating in October, and the impact of both Fed Chair Jerome Powell's Congressional testimony and Congress passing a government spending bill to keep the U.S. economy afloat through December.

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When Excess Fat Is GOPM Great for You

By Ken Fisher, LinkedIn, 08/26/2021

Earnings, earnings, earnings! Often, that is all pundits dissect. How much profit did a firm report? Did it meet Wall Street’s expectations? Will its earnings soar or sag next year? Fine questions! But investors stuck in this myopia miss a better gauge of future growth: gross operating profit margins (GOPMs). 

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When Scarcity Of CEO Love Is A Bullish Signal For Stocks

By Ken Fisher, Real Clear Markets, 08/25/2021

Where did all the heroes go? Hero CEOs, that is. Late in bull markets, investors typically christen a slew of rising corporate leaders as near-infallible. They go gaga on these visionaries' views of a gigantic far-flung future their firms will supposedly dominate. But such romantic tales are hidden warnings. CEO celebration signals rising exuberance-the kind stretching expectations to unattainable heights. The good news? Lionized corporate leaders are near non-existent now-a sign this bull market isn't near a euphoric top.

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Unlike In Your Diet, Lots of "Fat" Is Great In Stocks

By Ken Fisher, Real Clear Markets, 08/11/2021

Earnings, earnings, earnings! Often, that is all pundits dissect. How much profit did a company report? Did it meet Wall Street’s expectations? Will firms’ earnings soar or sag next year? Fine questions! But investors stuck in this myopia miss a far better gauge of future growth: gross operating profit margins.

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Don't Break Up Big Tech - Let the 'Invisible Hand' Do It

By Ken Fisher, Real Clear Markets, 08/04/2021

Break up Big Tech! So cry pundits and politicos alike. They claim these humongous firms stifle competition and innovation while greedily gobbling endless profits. With Congress relatively gridlocked, the sweeping regulation critics seek is unlikely. It’s also unnecessary, even harmful.

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Global Financial Stocks Face Tougher Second Half

By Michael Hanson, Reuters, 07/08/2021

After outperforming the wider market in the first few months of the year, global financial stocks have dropped over the past month, tracking a decline in bond yields. Mike Hanson of Fisher Investments explains why investors should be selective going forward.

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President Biden's Incredible Shrinking Tax Hike

By Ken Fisher, Real Clear Markets, 06/29/2021

Have you noticed Washington’s newest magic trick—The Incredible Shrinking Tax Hike? Since President Biden officially released his slate of proposed domestic and global tax increases, he has spent much of his time walking them back and forward … and back … and back, wooing much-needed moderate Democratic and Republican support. 

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Market Recap: Thursday, May 27

By Michael Hanson, Yahoo! Finance, 05/27/2021

Stocks rose Thursday, reversing overnight declines after new jobless claims came in lower than expected, further underscoring the strength of the post-pandemic economic rebound. Simeon Hyman, ProShares Advisors Global Investment Strategist and Mike Hanson, SVP of Research at Fisher Investments joined Yahoo Finance Live to discuss.

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When You Buy Broad U.S. Indexes, Your Exposure Is Not Broad

By Ken Fisher, Real Clear Markets, 05/27/2021

Most pundits believe Tech’s leadership run is done, claiming vaccine rollouts, re-openings, rising interest rates and looming inflation drive the nails in its coffin. They point to Tech’s year-to-date lag globally versus areas like Energy and Financials—arguing that trend will last. Maybe! But I think it is all just a countertrend head fake before Tech’s roll resumes.

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Two ‘Maybe Nots’ Those Fearing Hot Inflation Should Consider

By Ken Fisher, LinkedIn, 05/26/2021

Is inflation devastation impending? The Fed’s humongous monetary “stimulus” exploded the quantity of money. Uncle Sam deployed nearly $3 trillion in COVID relief last year, another $1.9 trillion this year—and $4 trillion more in spending is under discussion. With all this sloshing, splashing and flashing around an economy already nudging prelockdown levels, pundits near-universally envision increased inflation. But two “Maybe Nots”:

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The Hidden Bullish Reality Behind China Default Fears

By Ken Fisher, Real Clear Markets, 05/03/2021

Many pundits warn China’s debt woes doom it’s post-COVID recovery-- and that of the world. They point to high-profile corporate defaults and downgrades cascading into a debt tsunami destined to reverberate globally—especially with China reducing stimulus. But that isn’t just wrong, it’s backwards.

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What Flip-Flopping Dollar Fears Say About The Stock Market

By Ken Fisher, Real Clear Markets, 04/14/2021

Remember last summer? Pundits warned the falling dollar foretold economic and market doom? Continued growth and surging stocks proved notions of greenback prescience were phooey. Now, doomers fear the reverse: a rising dollar—claiming it signals a stalling global recovery—and looming danger for US stocks. More hogwash.

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Don't Worry, Stocks Already Priced The Biden Tax Hikes

By Ken Fisher, Real Clear Markets, 04/05/2021

Tax hikes are coming! Tax hikes are coming! Yikes, Yikes, Yikes! Pundits tizzy it up over President Biden’s rumored plan, fearing multi-faceted new, huge hikes will whack stocks. They warn budget reconciliation means Biden can slam-dunk it all with Democrats only. Take a deep breath: Internal Democratic divisions will dilute any tax legislation that passes. But, even if I’m wrong on that, it still won’t whack stocks. Let me explain.

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The Hidden Lesson in Tech Stocks’ Winter Stumble

By Ken Fisher, LinkedIn, 03/31/2021

Pundits are crowing—arguing Tech’s year-to-date lag marks the start of a major market shift. Yes, again. To them, this time is for sure. They say vaccine rollouts, fast-approaching re-openings and rising interest rates killed the sector’s pandemic-era dominance—bad news for investors with big tilts toward the Tech-heavy S&P 500. Maybe! I’d bet not.

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