Legendary investor John Hussman said that as the rally in U.S. stocks driven by FOMO (fear of missing out) sentiment seems to be about to peak, stock market returns in the next decade or Long may be bleak. The president of Hussman Investment Trust said that U.S. stocks have risen sharply in the past four months, and the S&P 500 index has reached a new all-time high in 2024. But that’s mostly due to Wall Street’s “near-frenzied ‘fear of missing out,’” Hussman said in a report on Sunday, which could spell problems for the stock market in the long run. “Long pressures are fueling this fear: recent stock market hits new nominal highs, enthusiasm for a ‘soft landing’ for the economy, expectations of a Fed ‘pivot’ to rate cuts, and recent optimism about the prospects for artificial intelligence,” Hussman said. ”
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