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.