Sunset Strip (Afternoon Report) - Aussie market fell from the open and stayed down with ChinRuss worry taking over

Sunset Strip (Afternoon Report) - Aussie market fell from the open and stayed down with ChinRuss worry taking over. US data continues to be positive while China slows down and Putin risk to Euro growth taking centre stage. Market has been expecting the May selloff and today's global lead was as good as any reason to fall over. Banks, Big Staple Retailers and Telstra remain the big cap favourites over Resources on relative risk/return basis. We continue to favour Yield thematic (i.e. Banks) despite the historical post dividend selloff worry in the market due to the risks to Resources with China and Euro worries. Banks held the index up despite being negative. (VIEW LINK)