Fisher Investments Reviews Current Investor Sentiment and What it Means for Markets

Fisher Investments' founder, Executive Chairman, and Co-Chief Investment Officer, Ken Fisher, discusses how investor sentiment affects markets and why current levels support his optimistic outlook. Quoting the legendary investor Sir John Templeton, Ken explains that bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.

Ken believes we are in the early stages of optimism, but not yet to euphoria. Among other indicators, Ken recommends observing the number and quality of Initial Public Offerings (IPOs) as a potential sign of euphoria. According to Ken, IPO activity has been muted and economic data have largely exceeded expectations. Therefore, Ken believes recent market volatility is normal and not indicative of an impending bear market.

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Investing in securities involves a risk of loss. Past performance is never a guarantee of future returns. Investing in foreign stock markets involves additional risks, such as the risk of currency fluctuations. The foregoing constitutes the general views of Fisher Investments and should not be regarded as personalized investment advice. Nothing herein is intended to be a recommendation. The opinions expressed are subject to change without notice.