Ken Fisher
The bulls took hold of the stock market narrative at the start of the year, and charged ahead all the way into mid-summer, but since then the bears have been rather noisy. On the back of rising oil prices, fears of interest rates staying high for longer than hoped for, and the possible prospect of a recession still looming, the markets have been shaky and have been handing back prior gains.
However, against a backdrop of a ‘Goldilocks economy,’ i.e., “not too hot, not too cold… just right,” billionaire investor Ken Fisher thinks it’s all just a repeat of a scenario that played out earlier in the year.
“Recall how at the start of the year dire bearishness, with expectations of a recession, was in vogue,” says the Fisher Investments founder. “Since spring 2022, bears swore Fed hikes, with a list of other worries – Ukraine and Silicon Valley Bank among them – would kneecap GDP which they believed necessary to slow inflation.”
But Fisher notes inflation…
2023-10-02 09:10:05
Article from finance.yahoo.com
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