 Hello and welcome to CMC Markets on the 23rd of December and this year's annual Christmas video. Now the format of this is going to be fairly similar to the one that we did last year when I heard my colleague Matt Bassey and we chatted about the outlook for 2015 and he was actually quite accurate in his estimates that stock markets would actually rise by 10 to 12 percent this year but he was only writing so far as it applied to the S&P. Now joining me today is his colleague Jamie Cole and we'll be talking about the outlook for 2015 whether or not we can expect further gains to stock markets and look at some of the underperformance in the oil and gas sector and the mining sector. After we've done that make it very short and sweet we'll also have a look at some of the more embarrassing moments that we've had in filming those videos this year some outtakes for your delectation and then we'll wish you all a merry Christmas and a happy new year and I'll try and resist the temptation to put my center baby hat on and embarrass myself. Unfortunately I couldn't persuade Jamie here to put a set of reindeer antlers on. Apparently it's just... I think my wife's dignity wouldn't allow it. Anyway without further ado we'll crack on. So as I said earlier the best performing stock market this year has been the S&P 500 up over 10 percent that's been closely followed by the Nikkei not surprising given the fact that we've seen large-scale quantitative easing program by the Bank of Japan. Now the tax after making record highs has started to taper off a little bit and that's not really surprising is it Jamie given the fact that we've seen some fairly weak growth out of the Euro area and the ECB remains very reluctant to really embark on a full-scale easing program what I'm going to focus on is the underperformance of the FTSE 100. That has underperformed and I think we've pretty much known why don't we? I think it's the common the common discussion them you know certain sectors which are the heaviest weighted sectors either miners and the old stocks have underperformed and that's you know that's nothing new to us I don't think we've seen that continuously you know last year when you know the the times as Matt highlighted last year in his piece you know the the tax with you know the heat and record highs the US and so on and and the FTSE was you know almost the pants bomb horse if you like bringing up the bringing up the back. Indeed indeed now we're looking at a chart now of commodity prices and we can see straight away that Brent Crude has basically dropped nearly 50% from its highs over the last few months now the big question I think as we head into 2015 and first and foremost can we expect further gains in the S&P we're approaching 2100 I think the biggest question I think given how badly affected mining stocks have been and oil stocks have been because of this commodity price decline are their pockets a value? I think so I think as I was saying before we went on camera you know I think a few of our clients who trade these stocks historically they're asking are we going to see a consolidation of the sector is the value of these levels I think looking where we are seeing with the commodity market in a moment you know it could be a brave man who tries to pick the bottom on these as we're seeing you know with with OPEC stance and so on at the moment but I think you know the people do you know do get it right we'll be in a very strong position going into the you know the first quarter of next year it may be further out. So I think that the stocks that we've particularly been looking at and it has taken name you know individual stocks but certainly I think the underperformers have been companies like BHP, Rio, Tinto, BP and Royal Dutch Shell so they might well be worth keeping an eye on. I heard no definitely they're the stuff which if anything they're going to foam this market up and and worth watching you know. Okay so that's pretty much the look ahead to 2015 short and sweet I know but without further ado let's move on to some of the more embarrassing outtakes and both Jamie and I feature quite prominently. Funny enough. Oh hello my name is Jamie Cole I'm the handsome-looking guy who's going to be in this mum's house to trade a magazine. Welcome to CMC we're just limbering up. I always find Ella that when you're sort of getting ready to shoot it helps to take the lens cap off. Welcome to the market yeah. Okay. Give me sunshine in your smile. Give me laughter on the one. That's a lovely red dress. Where did you find it? Now our lifestyle section. Eat your carrots. Down the gym today I forgot my trainers and had to do a gym workout and my flip-flops. Healthy is about a healthy body and a healthy mind. I used to play cricket I was in the school team. A long time ago. Long time ago. Okay that's disgusting. That is disgusting. And take five. Now let's zoom in on this price. From the highs in May. I've got a new one for you. Now let's zoom in on this price action here. I just got fed up on my stupid expression. How hard is it to say the first of July and the beginning of a new quarter. Okay quarter. What can I say you know I'm lost without you Ella. Clean your mind out young lady. Hand me hint at the end of today's currency snapshot. Yeah until next week and that was a complete. So I'm going to have to do that all over again. Well that's it for this week. Let's start again. That right there is 55 years of most experience. Take two. Take two. Well that's it for this year. Thank you for that. That's it for this year ladies and gentlemen. We hope that you enjoyed some of those outtakes and all that's left for me to do is to wish you all a merry Christmas and a happy new year. Dallas put the antlers on. I'm putting my hat on.