CY15 likely to see a bottom in the economic cycle

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Livewire Markets

In this interview Steen Jakobasen, Chief Economist at Saxo Bank shares his views on recent rate cuts and the current domestic economic cycle. "What we are dealing with here is that we will make new lows in 2015 in terms of the economic cycle. But the market impact will come in 2016 because I firmly believe the real economy leads the stock market by six months." Steen has held this view since late last year and said his preferred trade for this year was the complete opposite of what had worked in CY14 i.e. overweight resources and underweight banks. We ask him if he has changed his view given the strong performance of 'yield stocks' in the early part of 2015. Watch the video here: &feature=youtu.be


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