As I tried to tell many here, the events in the US banking sector were insignificant and were never going to have a broader impact. The market reaction was a complete overreaction and investors/traders are beginning to realise this. The market should do well during April after making back much of its March losses this past week, and stocks, especially those that are considered risky (like IMU) should outperform given that certainty and optimism are returning to the markets, and it is looking increasingly likely that the world will avoid any sort of major economic downturn
IMU Price at posting:
13.0¢ Sentiment: None Disclosure: Held
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