Fisher Investments’ Founder, Ken Fisher, Explains “The Bounce Effect” and What’s Next for Markets
Fisher Investments’ founder, Executive Chairman and Co-Chief Investment Officer Ken Fisher describes the “bounce effect” and what it could mean for stocks in this new bull market. According to Ken, the bounce effect occurs as stock category leadership rotates around bear market lows—where stocks that fell the most in a bear market tend to appreciate, or “bounce”, the quickest in the nascent stages of the next bull, typically 8 to 15 months from the market trough. For example, Information Technology stocks were disproportionately hurt during 2022’s bear market, whilst value stocks, particularly driven by energy, did best. Thus far, during the bull market period since mid-October 2022, the opposite has been true. Additionally, Ken believes certain market fundamentals specific to this recovery may continue to support tech and growth stock leadership beyond the average bounce period duration. For more of Ken Fisher’s thoughts on the markets, visit us at https://www.fisherinvestments.com. Connect with Fisher Investments on: • Facebook - / fisherinvestments • Twitter - / fisherinvest • LinkedIn - / fisher-investments • Instagram - / fisher.investments You can also follow Ken Fisher here: • Facebook - / kenfisher.fisherinvestments • Twitter - / kennethlfisher • LinkedIn - / ken-fisher • Instagram - / kenfisher_fisherinvestments • TikTok - / fisher_investments This commentary constitutes the general views of Fisher Investments UK and Fisher Investments, and should not be regarded as personalised investment or tax advice or as a representation of their performance or that of their clients. No assurances are made that they will continue to hold these views, which may change at any time based on new information, analysis or reconsideration. In addition, no assurances are made regarding the accuracy of any forecast made herein. Not all past forecasts have been, nor future forecasts may be, as accurate as any contained herein. Fisher Investments Europe Limited, trading as Fisher Investments UK, is authorised and regulated by the UK Financial Conduct Authority (FCA Number 191609) and is registered in England (Company Number 3850593). Fisher Investments Europe Limited Headquarters: Level 18, One Canada Square, Canary Wharf, London, E14 5AX Fisher Investments Europe Limited’s parent company, Fisher Asset Management, LLC, trading under the name Fisher Investments, is established in the USA and regulated by the US Securities and Exchange Commission. Investment management services are provided by Fisher Investments. Investing in financial markets involves the risk of loss and there is no guarantee that all or any capital invested will be repaid. Past performance neither guarantees nor reliably indicates future performance. The value of investments and the income from them will fluctuate with world financial markets and international currency exchange rates.
