SPDR S&P 500 (SPY)

[GuTA]

I think money flow could find itself in what were considered contrarian trades in 2015. Things like energy. Those names are so oversold that the risk reward on even a partial bounce in 2016 and beyond would yield a nice return. Some names have sold of 70-80%... Even a fractional bounce (25%) of those losses will return 20%.
I'm not saying they don't have obvious inherent risk, but I think they could be some of the better risk vs reward out there.

On the other end... I could see the market taking profits on and / or fading the FANG stocks.