Aitken: The bull market is over

Star stock-picker, Charlie Aitken, thinks that stock markets may have peaked in April 2015. “It’s probably fair to say that the bull market is over. I think you have to pick stocks”. Most of the top 20 stocks are going backwards as there’s no growth in banks or resources. While mid-cap industrials are doing well, that doesn’t help indexes where 75% of the weight is in the top 20. In order to get growth, it’s no good just relying on central banks, you need government and corporates to spend. At the moment, they’re doing the opposite. “The animals spirits that Glenn Stevens refers to are just not there at the moment.” Discussion starts at 2:35; watch the full interview: (VIEW LINK)