Fisher Investments

Ken Fisher suggests tech stocks will likely continue performing well as the bull market transitions into an early euphoria phase. He points to the Cerebras IPO as a symbolic indicator of this shift, while noting the bull market is broader and more global than most recognize.

Ken Fisher argues that a resurgence of the Iran conflict is unlikely to trigger a global bear market, as long as it remains a regional war. He cites historical precedent showing regional wars have never caused bear markets, and explains that oil supply workarounds are already offsetting the impact of Strait of Hormuz disruptions. The bull market, he concludes, can persist despite ongoing tensions.

Fisher Investments' weekly briefing covers three key topics: global PMI readings for May, upcoming US labor market data, and estate planning basics amid the 'Great Wealth Transfer.' The video emphasizes that mixed economic signals are not necessarily alarming, and that markets remain forward-looking despite headline uncertainty.

Bill Glaser, Co-Chief Investment Officer at Fisher Investments, addresses four major topics: AI-driven job displacement, prediction markets as both sentiment tools and risk factors, the UAE's exit from OPEC and its bullish implications for energy supply, and the diminishing market impact of ongoing US tariff developments.

Fisher Investments' May 29, 2026 weekly review covers three key topics: eurozone consumer confidence remaining negative but historically unremarkable, markets moving past Iran war fears despite ongoing conflict, and rising global bond yields being framed as a return to historical norms rather than a crisis.

Ken Fisher argues that tech stocks are likely to continue performing well as the bull market enters its final 'euphoria' phase, citing the Cerebrus IPO as an early signal of that shift. He cautions that while the end of the bull market could be years away, stretched valuations in tech stocks make them vulnerable if something derails the broader market. He also emphasizes that the current bull market is global and much broader than just AI or tech.

The transcript warns investors about the historically poor performance of IPOs, noting that newly public companies have underperformed peers by 3.3% annually over their first five years from 1980–2024. The speaker argues that IPOs often come to market under conditions that favor issuers rather than investors, particularly late in market cycles. Market reception of major IPOs is presented as a useful sentiment indicator for where we are in the broader cycle.

Ken Fisher argues that the US national debt, while large in nominal terms, is not currently a serious problem. He uses the level of long-term interest rates as evidence, suggesting that if the debt were truly risky, lenders would demand much higher rates. He acknowledges future risk is possible but dismisses near-term market or economic consequences.

Ken Fisher explains why he does not forecast Federal Reserve decisions, arguing that Fed officials are inherently unpredictable. He invokes a quote from longtime Fed Chair William McChesney Martin suggesting Fed leaders lose practical economic memory upon taking office. Fisher views the Fed critically, believing they make wrong moves more often than right ones.

This Fisher Investments video covers three key topics for the week of May 25, 2026: upcoming US PCE inflation data, a Q1 GDP second estimate release, and financial planning considerations tied to graduation season. Fisher Investments argues inflation fears are likely overstated and that forward-looking indicators suggest continued economic growth.

This Week in Review covers three major developments: UK political instability following Labour's local election losses and a cabinet resignation, the swearing-in of Kevin Warsh as the new Federal Reserve chair replacing Jerome Powell, and a cautionary analysis of the current IPO wave. Fisher Investments analysts argue that while each development creates short-term uncertainty, none is necessarily negative for long-term investors.

Ken Fisher argues that consumer sentiment is not a useful predictor of stock market performance. Instead, he explains that consumer sentiment is a coincident indicator, meaning it moves alongside the market rather than ahead of it. Investors should not make stock decisions based on consumer sentiment readings.

The video argues that Kevin Warsh succeeding Jerome Powell as Fed chair will have limited impact on markets and monetary policy. The 12-member FOMC sets policy collectively, reducing any single chair's influence. Broader economic fundamentals, not Fed leadership changes, are seen as the primary driver of the ongoing bull market.

Ken Fisher discusses recent market volatility triggered by the Iranian war, explaining it fell short of a formal correction. He outlines his 2026 market forecast, predicting a sideways first half followed by a stronger advance in the second half. Fisher emphasizes that volatility is a permanent, unpredictable feature of stock markets.

Ken Fisher addresses common investor concerns including inflation as a recession indicator, US policy unpredictability, the 'Sell in May' strategy, and the national debt. He argues that current inflation is not alarming by historical standards, that national debt levels are not yet problematic, and that waiting for clarity in markets is a costly mistake.

This is an introductory video from Fisher Investments outlining their investment philosophy, client services, and fee structure. The firm emphasizes a top-down, globally diversified portfolio management approach led by a five-member Investment Policy Committee with over 150 years of combined experience. Fisher Investments positions itself as a fee-only, client-first advisor serving over 200,000 clients globally since 1979.

Fisher Investments' weekly market briefing covers three key topics for the week of May 18, 2026: global inflation readings from Canada, the eurozone, the UK, and Japan; the upcoming release of Fed meeting minutes from April; and the University of Michigan's final May consumer sentiment reading. The video argues that energy-driven inflation spikes are temporary, Fed minutes are difficult to interpret meaningfully, and falling consumer sentiment may actually support the ongoing bull market.

Fisher Investments' weekly review covers three major developments: April US inflation rising to 3.8% year-over-year, President Trump's summit with Chinese President Xi Jinping in Beijing, and the US Senate's confirmation of Kevin Warsh as the next Federal Reserve chair. The segment argues that inflation fears are overblown, US-China dialogue reduces uncertainty, and Fed chair transitions have less market impact than headlines suggest. Overall, the outlook remains bullish for stocks.

Ken Fisher explains why he does not attempt to predict Federal Reserve actions, arguing that Fed members are fundamentally unpredictable. He compares the Open Market Committee's behavior to that of chimpanzees or crazy people, citing over 50 years of skepticism toward the Fed. He also emphasizes that no single central bank should be viewed in isolation — the totality of global central banks matters more.

Ken Fisher argues that defense stocks do not perform as many investors expect during geopolitical conflicts. He explains that brief spikes in defense stocks at the start of a conflict typically fade and often lead to underperformance from the conflict's onset. Only unexpected, material increases in global defense spending drive sustained gains in defense stocks.