The market dip might be just what the stock market needs. Renowned investor Ken Fisher believes it could lead to even higher gains. Fisher, the co-founder and Chief Investment Officer of Fisher Investments, oversees a company with over $265 billion in assets under management (AUM).
He expressed his thoughts in an interview with Fox Business News on the program Making Money. On the program, Fisher offered some reassuring insights for investors navigating a choppy market. Overall his thoughts are that the recent sell-off in stocks isn’t a reason for investors to run from the market, it’s actually a sign that the bull rally could push even higher.
Healthy Corrections for a Larger Bullish Trend
Fisher believes the pause and slight downturn are healthy signs of market strength, ones that he sees leading to a healthy correction within a larger bullish trend. “We shouldn’t be surprised by these short-term dips,” he explained. Fisher says they are a natural part of the market cycle and that “they can actually pave the way for even stronger gains in the long run.”
Why the Bull Market Still Has Room to Run
So, why is Fisher so bullish on the market’s future? Let’s explore a couple of key points he highlighted.
At the top of his list is solid economic fundamentals. He says the underlying economy remains strong, citing factors like low unemployment and corporate profitability, which create support for higher stock prices.
Fisher is also excited about new opportunities; he emphasized the ongoing advancements in technology and innovation as major drivers of future growth. In his estimation, these advancements continue to fuel economic activity and create promising investment opportunities.
Key Takeaway
Don’t let short-term market fluctuations spook you into selling your investments. Instead, focus on the long-term fundamentals and maintain a diversified portfolio to weather any temporary storms.
The recent market dip may seem concerning, but according to Ken Fisher, it’s not a reason to panic. By staying calm, focusing on the long term, and leveraging the power of innovation, investors can withstand market fluctuations and potentially benefit from an ongoing bull run.
