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"The world's second stock god" spicy review of the US stock market correction: in fact, it is a signal of the continued bull market!

Ronan62054
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Kenneth Fisher, founder and co chief investment officer of Fisher Investments and billionaire investor, recently stated that the recent stock market sell-off is not a reason for investors to escape the market, but rather a sign that the bull market may further rise.
He pointed out that the recent stock market decline has wiped out half of the previous 10% increase in the S&P 500 index, as investors accepted a hotter than expected March inflation report and postponed the Federal Reserve's rate cut schedule.
According to the CME Federal Reserve Watch tool, the market's expected "first cut" by the Federal Reserve has been postponed from March to September, and there have been repeated compromises on the number of rate cuts, with only one to two expected this year.
Fisher stated that despite deteriorating investor sentiment, the stock market is still rising, and the recent correction is just a small episode in the bull market.
"This is a bull market. The reality is that over the past three weeks, we have more or less directly detached from the top. There is a legend that the bull market ended in sobs, not with a loud bang," he said, distinguishing the sudden drop from historical highs since March from the gradual decline at the beginning of the previous bear market.
Fisher, known as the "world's second stock god", is the son of legendary investor and father of growth stock investment strategy on Wall Street, Philip Fisher, who is on par with Buffett. He is also the founder and CEO of Fisher Investment Company. As of the end of 2023, the company is managing assets worth $236 billion.
Fisher also added that the market is overly "focused" on various catalysts that are detrimental to the stock market, and stated that investors are overly concerned about interest rate cuts and rising inflation. He hinted that high prices in the economy may eventually fall faster than expected.
Prior to this, he had stated that even if the Federal Reserve did not cut interest rates significantly as expected, cooling inflation and strong economic growth in the United States would still be enough to drive the stock market higher.
"Enjoy this bull market, even though the stock market fluctuates from time to time," he added.
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