Sunset Strip (Afternoon Report) - Aussie market started positive and then pulled back to flat on relatively low trading volume

Sunset Strip (Afternoon Report) - Aussie market started positive and then pulled back to flat on relatively low trading volume. US job data was positive while Putin risk to Euro growth kept global markets down. Market is expecting the May selloff and selling good quality outperforming stocks on any update...WBC and AAD were examples today. Value is emerging with good results driving upgrades and panic selling in other stocks. Banks, Big Retailers and Telstra remain the big cap favourites over Resources. Resources held the market despite negative China data. AQA takeover bid helped the long suffering shareholders. (VIEW LINK)