Interesting to see a bit of a Santa Claus rally in the market, up about 7% in last couple of weeks!
If I was a cynical type, I might think with the hedge funds on holidays, our market is having a bit of a spell from short selling!
Even oil has had a bit of a bounce!But the commodity space is still well supplied or oversupplied, so 2016 looks difficult for the commodities space at best.
Even grains and soft commodities struggling globally.
So will concentrate on rearranging portfolio away from these.
Looking at tech stocks, many like Amazon doing well.
Purchased some Rhype Ltd (RHP) for exposure to the cloud computing space, looks like its in a sweet spot for exposure to Australia and South east Asia.
Will work at finding some others over the next month.
Sold Money3 (MNY) , as I think headwinds after Westpacs review and withdrawal of funding for some payday lenders has destroyed the markets confidence, so will take the loss and move on.
Looking to next year, i dont see interest rates rising, so people are going to have to look at equities, so that should be positive for the market with plenty of profitable companies out there.
In This portfolio, (see performance page) SUL REA CAR GRB IPP WEB have done pretty well, even Gold stocks NCM and RMS have had a bit of a run.
The so called Blue Chips, like TLS WOW and WPL have struggled, and I should have probably avoided IGO.
Missed the Chinese fresh milk grab, might still have some legs.
So 2016 looks like it will be similar, and remain a stock pickers market.
So looks like it should be a lot of fun, thats the great thing about the stock market.
It gives you hope, that you can always do better.
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