Charlie Aitken, CIO at AIM says interest rates globally have bottomed marking a critical inflection point for interest rates sensitive stocks and for bonds. "Interest rates have bottomed globally, it’s a very important point... They're not going any lower than this - this is it." Aitken believes that resources stocks will continue their recent run, banks should benefit from steepening yield curves and that the AUD is going to 'break out' - attracting offshore investment to local stocks. "It could be quite a good combination for Australia in the last few months of this year and we've increased our exposure to Australia in the last few days." Aitken says he has been actively buying to take advantage of overreactions in stocks such as Star Entertainment which as fallen 15% in recent days. "We've had a real crack at Star down here in the last few days, just feeling that’s ludicrous.” In this video Aitken expands further on the stocks he’s been buying and the one’s that he’s short (Source: Switzer). (VIEW LINK)
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