Yesterday we witnessed some dramatic moves on the ASX200; in most cases these were in the opposite direction to 2015, eg: Ansell -20.6%, Macquarie -5%, Domino Pizza -5.9% but BHP +8.3%, RIO +8.9%, Fortescue +11.7% and the energy sector +7%. Market Matters’ main predication and theme for 2016 has been and continues to that it will be the year of changing trends. Furthermore, we believe this transition has probably commenced or at least shown its hand. Last year we recommended selling Macquarie Bank ~$82 and switching to BHP ~$21. Clearly this turned out to be a trade of two halves with the profit taking in Macquarie at an ideal time but the buying of BHP too early; however, the switch is now around breakeven. As investors, we need to remain very open minded in 2016 as the economic landscape unravels in (clearly) a tricky way. Today we want to focus on some of the big movers with which Market Matters has been involved over the last 12 months. (VIEW LINK)
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