“We are closer to the end of the bull market”, says John Eade, President of Argus Research, while talking to Tip TV Presenter Matt Brown.
He adds, “The valuation gap has been erased and the stocks are at fair value when compared to bonds”. Hence, he recommends viewers to take profits on sectors that are fully valued (consumers, health-care) and put money into the defensives – strong balance sheet, dividend pay, blue chip companies.
Eade warns that the whole Trump, Comey and Flynn mess and the investigation into Russia’s interference in the US elections will only make it difficult for the President to push through the much awaited fiscal reforms.
Check out the full segment to know if there are signs of an upcoming crash in the equity markets.