Billionaire Ken Fisher Sees 16% S&P 500 Rally After Elections
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The Standard & Poor’s 500 Index may rally as much as 16 percent in the next six months because yesterday’s election will stymie legislative initiatives in Congress, billionaire investor Kenneth Fisher said.
Equities have surged since July as odds that Republicans would take control of the U.S. House of Representatives increased. President Barack Obama and the Democratic Party pushed through reforms of the health-care and financial industries this year.