Apologies - left some ino out in my previous post.
Global markets were all heavily down overnight.
Markets are now spooked by rising bond rates. Bond rates are causing a "risk off" sentiment as hopes of interest rates are diminishing.
Global markets have had about six negative days so we could be seeing a sustained downward trend. In any case, the ASX will probably fall in the vicinity of a 100 points today.
In Europe, the FTSE fell 71 points (.86%), the Dax fell 204 points (1.10%) and the CAC fell 122 points (1.52%).
German inflation rose to 2.4% up from 2.2% in April.
In the US, the DOW fell 411 points (1.06%), the NBI fell 51 points (1.19%), the NASDAQ Composite fell 99 points (.58%) and the Russell small cap index fell 30 points (1.48%).
US Fed senior officials have again made comments on the possibility of an interest rate hike.
US PCE data will come out this week.
US Treasury Bond yield has risen to 4.614% - 5% is considered the value where share markets are adversely effected.
Oil prices are down - Brent crude is at US$83.40 per barrel.
The gold price is down - US$2,338 per oz.
BITCOIN price is down to US$67,092.
Why IMU is a multi multi bagger, page-23809
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