Why IMU is a multi multi bagger, page-22582

European markets generally in positive territory overnight.

The FTSE rose 27 points (.35%), the DAX had a modest rise of 3 points (.02%) and the CAC rose 48 points (.62%).

US markets all fell again.

The DOW fell 45 points (.12%), the NBI fell 23 points (.58%), the NASDAQ Composite fell heavily and declined by 181 points (1.15%) and the Russell small cap index fell 19 points (.99%).

Main focus is the commentary from the US Fed about interest rates - any cuts are not foreseen in the near future, and this is weighing very heavily on markets at the moment.

The US Treasury 10 year bond yield is at 4.6%.

Oil prices dropped significantly - Brent crude down to US$87.51 per barrel.

The gold price also slipped marginally to US$2,371 per oz.

The BITCOIN price tumbled a bit and is sitting at US$60,995.