‘It’s a Profitable Time’: Billionaire Ken Fisher Stays Heavily Invested in These 2 ‘Strong Buy’ Stocks
We have just been through a period of abundant stock market gains, but that is no coincidence, according to one legendary stock picker. Ken Fisher calls the last 9 months the “midterm miracle.” That is, history has shown that the 9 months starting October of a midterm election year turn out to be the most consistently profitable period in the stock market in all stock market history. With the huge strides made since October 1 last year, this scenario has played out in a “picture perfect” way. But what happens now that period has been and gone? Well, the Fisher Investments founder, whose net worth is valued at ~$7.2 billion, concedes that the back half of the year that follows isn’t quite as bountiful, but it is still meaningfully better than average. For example, normally, stocks rise 65-70% of the time, but in the midterm miracle period they rise, historically, 92% of the time, and in the period that follows that, they’re normally positive about 85% of the time, with slightly lower av