John Hussman

John Hussman manages Hussman Funds and publishes weekly market commentary that provides detailed analysis of equity market valuations, market internals, and investment return expectations. His analytical frameworks draw on historical valuation metrics, market breadth indicators, and interest rate relationships to assess expected future market returns. He developed a reputation as a thoughtful but consistently bearish analyst, particularly regarding US equity market valuations. While his live fund performance has been challenging due to persistent premature hedging, his weekly writings have attracted a significant following among investors interested in rigorous valuation-based market analysis and his perspective on long-term return expectations. His work on the relationship between market valuations and subsequent 10-12 year equity returns has been notably accurate even as his short-to-medium term market timing has remained difficult.