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Volatility is at its highest level since the 2011 Euro debt crisis, and 10 year goverment bond yields reach new lows. Add to this, the Aussie market recording a 0.7% loss, and it becomes a bit of a different week in the markets.

Finally, the market has a new king after CSL topples CBA as the biggest company on the ASX.

In this week's wrap, Jessica covers:

• Agri-businesses welcome boost after rain hit Eastern Australian (0:29)
• Bega Cheese takes the cake in this week's best and worst (0:53)
• Defensive sectors hold firm: Telcos push ahead 3% (1:24)
• Where the market is YTD (1:53)
• Theory comes into practice: the importance of a diversified portfolio (2:15)