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Indices: Australian ASX 200

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So far in May the ASX200 has maintained both Aprils underlying strength and its polarization of gains with the banks and resources powering ahead while growth stocks and in particular the IT Sector remaining under the proverbial pump.

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In the words of Led Zeppelin  “the song remains the same” as yet again when the ASX200 threatens to test its all-time high the selling emerges – it’s only been 4-weeks of rotation between 7000 and 7100 but it certainly feels longer.

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