8 on the bounce
2015 has by and large been a year to forget for the stock market.
But, just when nobody is looking, after eight consecutive positive trades the ASX 200 (XJO) is at least making a last ditch bid to finish the year back where it started.
The index is now up by more than 7 per cent since its December 16 low.
It remains more likely than not that the index will finish the calendar year down, but in accumulation terms (i.e. inclusive of dividends) investors should now at least have eked out small gains.
This year has been one of stark contrasts, so it is worth considering sector index overviews.
Despite the recent bounce, the Resources Index (XJR) is down by more than 27 per cent year-on-year, the Metals and Mining (XMM) index is down by 27 per cent, and the Energy Index (XEJ) is down by more than 32 per cent.
On the other hand the Industrials Index (XNJ) and the Health Care Index (XHJ) have each recorded gains of around 10 per cent respectively.
Overall, then, it may well have been a lucrative year, but probably not if you have broad exposure to commodities.