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The S&P 500’s recent sell-off is actually a sign the bull market is here to stay, according to Ken Fisher.
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Bear markets don’t typically start with a sharp correction, the market veteran told Fox Business Network.
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Investors may be too “fixated” on negative catalysts, like higher inflation, he added.
The recent sell-off in stocks isn’t a reason for investors to flee the market — and it’s actually a sign that the bull rally could push even higher, according to market veteran Ken Fisher.
The founder and co-CIO of Fisher Investments pointed to the recent drop in stocks, with the S&P 500 cutting its 2024 gain of about 10% in half since the end of March, as investors took in a hotter-than-expected March inflation report and pushed back their timeline for Fed rate cuts.
Markets are now expecting just one or two rate cuts for the year, according to the CME FedWatch…
