Interesting view from Aitken on the lack of strong positioning/opinion from market professionals in the current market
Interesting view from Aitken on the lack of strong positioning/opinion from market professionals in the current market. When questioned on why he is one of the few strategists with a bullish view he responded I suppose that's for others to answer, but if I was to guess I suspect that compliance creep at the big global investment banks has stifled opinionated people. In the post GFC/FOFA world it seems brokers are more worried about being sued for being wrong than focused on making money for their clients. That is one reason why just about every analysts is huddled around the consensus view. Compliance won't let you be an outlier. I suspect it will take a sustained and broad market rally before commentators start to stick their necks out.
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