Sunset Strip | Aussie market had a solid positive day on the back of US positive lead and BHP demerger news

Sunset Strip | Aussie market had a solid positive day on the back of US positive lead and BHP demerger news. Yield thematic is still the main game with low growth macro while selling out of banks and TLS are not the risk weighted move now. Regular readers would know that we suggested trimming banks to market weight and adding BHP, RIO, WOW, WES and TLS at the end of June. Market pundits are pushing to sell Banks and TLS to buy BHP today (now trading just below $40...top of the last 2 year trading band)...but the same pundits were calling for selling BHP at $30 with imminent China crash. We continue to suggest investors to have a balanced view and stick to an equally weighted 3 pillar portfolio (i.e. Financials, Resources and Industrials). Trading idea of the day: Carsales.com (CRZ). Friday's High Risk Pick: Bionomics (BNO). (VIEW LINK) (VIEW LINK)