The S&P 500 is up roughly 20% this year and that's in-line with what's traditionally seen in a bull market, according to billionaire Ken Fisher, chairman of Fisher Investments.
"This year in the U.S. stock market is the average annual return of a bull market in history," Fisher said in an interview with TheStreet. "It's not an above average year - people forget that."
Fisher expects foreign stocks to outperform U.S. stocks over the next year.
Watch Ken Fisher's and Jim Cramer's Full Interview, just click here to sign in for free.
Watch More with TheStreet:
- Bitcoin Is a Gamble More Than an Investment, Cramer Says
- December Trading Strategies: Keep Your Portfolio Merry This Holiday Season
- It 'Would Be Crazy' Not to Own Alphabet, Cramer Says
- Southwest Airlines CEO Gary Kelly on When Airlines Might Accept Bitcoin
Want more exclusive investing insight from Jim Cramer? Get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!