Stocks will charge higher as economic fears fade and bears give up, Bill Miller says

• Bill Miller expects a strong second-half showing from the US stock market.
• The Miller Value Partners founder sees a rosy economy and defeated bears driving stocks higher.
• Miller’s stock picks include OneMain Financial, Chico’s, and MicroStrategy due to its bitcoin stash.

The stage is set for a strong second half for stocks, as economic fears dissipate and skeptical investors give up and join the crowd, Bill Miller says.

US inflation has plunged from over 9% last summer to about 3% in both June and July, and GDP growth was a solid 2.4% last quarter. The rosy backdrop has fueled hopes that the Federal Reserve will reverse its hikes to interest rates soon, and the economy might escape a recession.