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.

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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$1.9 Trillion Glimmers Of Gridlock's Greatness For Stocks

By Ken Fisher, Real Clear Markets, 03/12/2021

The Green New Deal. Medicare for All. Huge income and capital gainstax hikes. Wealth taxes. These policy ideas, and similar others, plagued many investors since 2020’s election campaign kicked off. Now, halfway through the Democrat-“controlled” government’s first 100 days, the recent debate over the administration’s $1.9 trillion COVID aid package showed you again those extreme ideas stand no chance. Gridlock rules Washington—a positive for stocks.

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How to Know What Everyone Else Is Sweating, So That You Don't Have To

By Ken Fisher, Real Clear Markets, 03/01/2021

Heard this one yet? British and American value stocks are set to surge as swift vaccine rollouts accelerate reopening. How could you not? This theory, or versions of it, gobsplatter financial  airwaves everywhere. But acting on this forgets one key timeless lesson 2020’s stock market taught: the more headlines hype something, the more you know markets already weighed it—and moved on past it.

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‘Why’ Is Always Crucial. Why It’s Not Time For Value Stocks

By Ken Fisher, LinkedIn, 03/01/2021

Value bulls claim COVID vaccines and approaching business reopenings mean this is just the start of a long run—and that economically sensitive value stocks are poised for their typical, lengthy early bull market boom. Maybe. But I don’t think so, and I don’t think it much matters. Why? Let me explain.

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Yes, I Do Believe That The Stock Market Is Rigged

By Ken Fisher, Real Clear Markets, 02/12/2021

The hubbub surrounding GameStop’s recent boom—and bust—has many bemoaning retail investors getting the shaft. Brokerages halted trading in hedge funds’ favor, allegedly. Congressional hearings loom, with opportunistic politicians from both parties screeching about markets stacked against the “little guy.” As i see it, they’re rigged to benefit investors big and small. Today, it’s easier than ever to take advantage. Let me explain.

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False Fears Are Always Bullish. So Is Global Gridlock

By Ken Fisher, Real Clear Markets, 01/28/2021

America’s tense election and inauguration are now behind us. The last bit of U.S. election uncertainty? Gone. Next up--a toothless global political year. With few elections scheduled and gridlock ruling globally, big legislation won’t come from any major economy in 2021. Pockets of political uncertainty are small and far-flung. Enjoy the inactivity as stocks ride gridlock higher.

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Enjoy The Quiet In 2021, But Be Vigilant About The End

By Ken Fisher, Real Clear Markets, 01/20/2021

Despite 2020’s angst, the global economy is poised to rebound. Sentiment is warming. A politically tumultuous lame-duck stretch should yield to an increasingly benign political backdrop. It’s a recipe for US and world stocks to shine in 2021. Keep your cool, though—while most believe we are early in the upturn, I see this bull market stealthily slipping into its later stages.

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Stay Cool, The Time For Bearishness Isn't Too Far Ahead

By Ken Fisher, Real Clear Markets, 01/05/2021

Can anything stop this bull market? Seemingly ever fewer investors think so. The unadulterated panic ruling markets last February and March seems ancient, with increasingly optimistic pundits seeing gains ahead. That view seems justified. But its rapid spread symbolizes a warning: Just as you had to conquer your emotions to reap this nine-month-old bull market’s gains to date, you now must keep emotion at bay—just a different one.

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ECB Rolls Out More Stimulus Measures

By Staff, Reuters Plus, 12/10/2020

The European Central Bank announced more stimulus measures on Thursday, including the increase and expansion of its debt purchase scheme, to help the region’s economy cope with the second wave of the coronavirus pandemic.

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For Stocks, First Year Gridlock Is 2021 Christmas Come July

By Ken Fisher, LinkedIn, 12/07/2020

With just weeks before Georgia’s two January 5th Senate runoff votes that will determine “control” of the chamber, agitation grows. But to stocks, the election’s outcome is already clear. Come 2021, gridlock rules America. Set aside your party biases briefly and let me show you why this is great investing news.

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Reality And Expectations: 2020 Revealed Your True Risk Tolerance

By Michael Hanson, LinkedIn, 11/09/2020

It may never get better than 2020 to know yourself as an investor. COVID-19, dastardly in its ability to spread so readily and affect so many, not only creates money problems—it creates real existential threat. Couple that with the most contentious US election in memory, and you have a veritable (albeit emotionally painful) lab to test your true risk tolerance.

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