ASX seeming disconnect with the Dow's rise continues and is certainly daunting , no thanks to more pain to the banking sector from the proceedings of the banking royal commission and TLS woes closing very close to an 8 year low last reach in Oct 2010.
Weakness was generally felt right across including the *********.
The Dow's march may well continue in May when people were expecting to "sell in May and go away" but that seems to apply to our local market. So if Dow's possible last hurrah cannot translate to positive sentiment domestically, it does not augur well and reduced exposure is probably called for.
A few stocks earlier flagged with 'falling knives' charts continue to weaken. Take care!
