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six pitfalls of funds with insights from best selling author and legendary money manager ken fisher. call now one (800) 350-4024 at fisher investments. we help you with the process of graduating to a better future. call for this important guide six pitfalls of funds you'll learn about their disadvantages and why it may be time for a new approach. call. now you can achieve your investment goals when fisher investments can help you get there. if your portfolio is $500,000 or more, call us 1-800-350-4024. from the fox studios in new york city, this is maria bartiromo's wall street. and happy weekend to all. welcome to the program that analyzes the week that was and helpsa bartiromo. taxes are front and center on capitol hill as we near if april 15th on monday. republicans are fighting to keep the trump tax cuts in place that are set to expire next year. house ways and means committee chairman jason smith warning the removal of these cuts will hit the middle class hard. >> congress must act soon to prevent what will be the largest tax hike in history on workers, families, farmers can and

the dow is down 50, nasdaq is up 50, the gentleman is named ken fisher, a star on wall street and isith us today. why does the fed not matter in the bull market? >> it was an honor. normally, when the fed hikes rates, that pools up the cost of the deposit base of banks making it unprofitable for banks to lend. we go into recession. market falls in anticipation of that, typically doesn't want to bounce back until we start cutting rates but the link isn't always there, and this time as they raise rates the cost remains below 1% the whole time. depositors have been anchored to their fears after covid and banks keep lending, 5% with under 1% cost and make money on the loan. stuart: got it. i read the stuff you put out and i'm intrigued. what happens at the bull market operable for the fat lady sings. would you care to explain that? >> that settled texas phrase. of function, before you get to the bull market, you always get to the point where low-quality ipos are coming out in very good volume. high quality ipos, just a few of them, that is the early phases. ipos frothing forward, bull ma

joining me fisher investments founder, ken fisher. thanks for joining. have some observations for you, first and foremost start with the notion this is a bull market? >> it is a bull bull market. the reality has been three straight weeks off the top. bull markets die with a whimper, not with a bang. bear markets accompanied by recession, have a slow steady start at the beginning, not a steep plunge. this is a steep plunge off the top. this is an attempt at a correction as you said earlier. charles: one note that you have here americans are too fixated on america. what does that mean? >> well, when you look at the global world, you see several things. one, this concept that so many people have wrongly had that the market was only about "the magnificent seven" or the fab four or whatever you want is just wrong, when you look at how many countries around the world have nothing to do with tech hit all time global highs this year. there is also fixation on the fed and inflation and interest rates but the reality is, when you look overseas, europe in particula

neil: real quickly, ken fisher says he's very bullish until the remainder of the year.landing would be a credit event, right in he's is very bullish because all of these lu quiddity -- neil: the presidential election year. >> there's that. boy, lucky powell he's got those optics to consider. neil: again, he cannot win or lose. >> tough job. neil: very, very well explained. >>> all right, we're also looking at the consumer ands this is something when you talk about his or her propensity to still spend, that does extend to travel. very pricey travel. but if you are going to airports right now, you are asking more questions about the plane you'll be hopping on. after this. ♪ airplanes in the night if sky are like sooting stars. ♪ i could really use a wish with right now, wish right now, wish right now ♪ ♪ the road to opportunity. is often the road overlooked. at enterprise mobility, we guide companies to unique solutions, from our team of mobility experts. because we believe the more ways we all have to move forward the further we all go. your record label is taking off. b