Smead Capital Management, Elenathewise/iStock, Tyler Le/BI
- Bill Smead warns the stock market decline could continue.
- Stocks are the only source of liquidity in the economy as the Fed and Congress pull back, he argues.
- The Smead Value Fund has underperformed recently but has a strong long-term track record.
Bill Smead has long warned of a stock-market reckoning amid AI-driven investor euphoria. With the S&P 500 and Nasdaq 100 having fallen double digits in recent weeks...