A change in the Fed Funds Rate outlook is forcing global investors to reshuffle large investment portfolios

A change in the Fed Funds Rate outlook is forcing global investors to reshuffle large investment portfolios. In Australia, large cap yield stocks, alongside the Australian dollar, have turned into defenseless victims over the past two weeks. The most obvious question that comes to mind is whether Australian investors should join in and start selling their bank shares as well. Of course, the technical picture now looks awful, but that's what happens under these circumstances. Nobody really knows when the selling stops. But isn't there a more important question lurking in the background: aren't investment portfolios in Australia too concentrated and too much overweight local banks - regardless of foreign selling pressures? My Weekly Insights: (VIEW LINK)