A number of global indices feel like they have rolled over and are already in the initial throws of classic “sell in May & go away” market pullback with US tech already close to 7% below its April all-time high.
Yesterday saw the ASX200 surge to within touching distance of both its all-time high and the psychological 7200 area but this was not a typical 90-point rally because almost 30% of stocks closed down on the day.
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