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Why IMU is a multi multi bagger, page-22302

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    European markets all up overnight.

    The FTSE rose a modest 2 points (.03%), the DAX rose 84 points (.46%) and the CAC rose 23 points (.29%).

    US markets were mixed overnight.

    The DOW fell by 43 points (.11%), the NBI fell 6 points (.14%), the NASDAQ Composite rose 37 points (.23%) and the Russell small cap index rose 11 points (.54%).

    US Fed chair, Jerome Powell, has warned that sticky inflation and the strong US economic growth could delay interest rate cuts in the US. This dampened sentiment a bit in US markets.

    The US Treasury 10 year bond yield is down a bit to 4.35%.

    Some big moves in commodities.

    Oil price is surging - Brent crude is up to US$89.35 per barrel. This will fuel global inflation.

    The gold price has surged to US$2,298 per oz - record price territory. Gold is seen as a hedge against inflation - a "safe haven" investment. The gold price is up over 25% in the last 6 months.
    https://hotcopper.com.au/data/attachments/6077/6077249-6dfb8ca95d8e0df3f045e7310057fecd.jpg

    BITCOIN continues its recent correction and sits at $65,689.
 
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