Aussie market recovered from fair value levels on the back of nearly $14b dividends flowing from the investors back into the market over the past few weeks. Nearly $11b worth of dividends came from CBA, BHP, TLS, WES and WOW since Sep 25th. Short term risk in bank dividends, housing bubble and US reporting season is likely to weigh on the market in the next few days. Investors are likely to sit on the sidelines to see the early trend setters in the US reporting season over the next few days before moving in. The low growth and low interest rate outlook is here to stay for a few years and the yield trade will benefit. The market does not move in straight lines and any pullback in the next week will be another buying opportunity for the next leg up into Christmas rally. The best and only positive performing sector for the day was Gold and that is likely to continue with USD weakness on US growth slowing. <a href="https://www.baillieuholst.com.au/publishedresearch/Sector%20Reports/SunsetStrip.pdf" rel="nofollow noopener" target="_blank" data-event-type="click" data-event="link_click">(VIEW LINK)</a>