Sunset Strip | Aussie market was belted on geopolitical risks and we expect global markets to react the same way tonight

Sunset Strip | Aussie market was belted on geopolitical risks and we expect global markets to react the same way tonight. We suggested clients should take profit on Monday 4th morning due to stretched valuations, falling sentiment, rising geopolitical risks and lack of marginal buying support in the market. Rather than jump the gun and pick the bottom, we prefer to move after the event. Regular readers would know that we suggested trimming down your bank holdings to market weight and adding BHP, RIO, WES, WOW and TLS at the end of June, after being overweight banks since January. Selling out of bank sector after the recent market correction is too late to the party and you run the risk of missing the market recovery. (VIEW LINK) (VIEW LINK)