Aussie market pulled out fifth straight positive day despite weak US lead and BOJ under delivering. That’s 24 positive days out of the last 31 trading days since mid-June and also 3 straight weeks of positive return. This has been a smashing run by the market given that growth has been falling, central banks have been ineffective and governments are missing in action. Risk management suggests trimming high risk growth stocks that have performed well going into reporting season. Time to buy Big Banks for lower rates / cheap money and buy Big Miners for weaker USD / China stimulus….TLS, SPK, CSL, RHC, Supermarkets, Infrastructure and Utilities are likely to be funding source!!! (VIEW LINK)
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