A warning to all you 'Bears'

The first half of 2016 has been a ‘Bears’ picnic with a veritable smorgasbord of reasons to be negative on the outlook for equity markets. Chad Slater from Morphic Asset Management thinks markets are set to rally and says the ‘Bears’ are out of ammo. “If I was a Bear, I’d be pretty scared. You’ve had just about everything you want; A collapse in the first half, a GDP slowdown in Q1, 'Brexit' and you’ve had European banks arguably implode. Yet the market still goes higher.” Slater says the risk now is that the market ‘rips’ higher. With record levels of retail and professional money now sitting in cash there could soon be substantial sums of money that start chasing the market higher. It’s a contrarian view and in this short video Slater outlines some key points that underpin his position.