Personal Wealth Management / Market Analysis

Fisher Investments’ Founder, Ken Fisher, Looks at US vs Non-US Stocks in 2023

Fisher Investments’ founder, Executive Chairman and Co-Chief Investment Officer Ken Fisher discusses his views on non-US stocks in 2023. While Ken thinks non-US stocks likely outperform US stocks, he believes any regional performance differences will be largely driven by which sectors perform well or poorly in a new bull market.

For example, technology stocks make up a relatively large portion of the US market compared to international markets and have outperformed non-tech stocks since last fall—partially offsetting non-US stocks’ outperformance over that time. According to Ken, how tech stocks perform in 2023 will have a large influence on whether US or non-US stocks perform better this year.

A dark green book cover with a title that reads "Stock Market Outlook." There is a sub-banner stating "Independent Research & Analysis. Published Quarterly by the Investment Policy Committee" ending with a fisher investments logo at the bottom.

Where Might the Market Go Next?

Confidently tackle the market’s ups and downs with independent research and analysis that tells you where we think stocks are headed—and why.

Learn More

Learn why 195,000 clients trust us to manage their money and how Fisher Investments and its affiliates may be able to help you achieve your financial goals.

As of 12/31/2025

New to Fisher? Call Us.

(888) 823-9566

Contact Us Today