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Garnry: Buying Aberdeen Asset Management after 55% drop from peak

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With markets entering bear territory, the FTSE 100, dipped below 5700, the S&P 500 almost back to 2013 levels, it’s a nervous time but are there opportunities out there?

Saxo Bank’s Head of Equity Strategy Peter Garnry sees a trade in Aberdeen Asset Management, a stock that has declined 55% from its peak level but a share that shows remarkable resilience.

Peter Garnry also gives us his thoughts on the threat of another global recession, while urging caution Peter takes some comfort from the relatively stable macro signals suggesting continuing US and European growth.