Fisher Investments’ founder, Executive Chairman and Co-Chief Investment Officer, Ken Fisher, shares his outlook for energy stocks. Ken believes energy stock returns are linked to oil prices. He explains how oil prices have been volatile in recent years-particularly around the start of the tragic Ukraine war, when oil price spikes incentivized overproduction and eventually caused prices to fall back to pre-war levels.
Looking ahead, Ken believes oil prices are likely to rise amid limited supply growth and a stronger-than-appreciated economy. In Ken’s view, this supply-demand imbalance could serve as a tailwind to energy stock performance as 2024 progresses.
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Investing in securities involves a risk of loss. Past performance is never a guarantee of future returns. Investing in foreign stock markets involves additional risks, such as the risk of currency fluctuations. The foregoing constitutes the general views of Fisher Investments and should not be regarded as personalized investment advice. Nothing herein is intended to be a recommendation. The opinions expressed are subject to change without notice.
28 авг 2024
