Why IMU is a multi multi bagger, page-13554

European markets all down overnight. It has to b said by by very small margins.

In the US, the DOW rose 91 points. That was the good news. The NASDAQ Biotech Index fell 13 points and the NASDAQ composite dived 171 points.

Data out of the US showed that the US deficit was lower than expected (April figures). Energy companies and regional banks all rose which explains the rise in the DOW - can anyone reme,ber the 'banking crisis" about a month or two back?

Anyway, those two sectors rising may be a false signal for the general health of the US stock market at the moment given the size of the fall in the NASDAQ overnight.

There are concerns that the rate rises in the US will have future impacts on markets in the US - so maybe that will drag of the US markets.

An interesting bit of information running counter to market jitters is the VIX Volatility index which is at its lowest in 3 years. That sort of indicates that investors in the US seem less worried about all the potential issues in the US economy.

Also, small cap stocks are doing better in the US that the very large companies.

Looking at my small portfolio, that may not be happening in Australia