Why IMU is a multi multi bagger, page-22732

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    Global markets were mixed overnight. The Israeli air strike on Iran spooked markets to some extent. Though witIran stating that it will not retaliate, fears may not have a lasting effect.

    In Europe, the FTSE rose 18 points (.24%), the DAX fell 100 points (.56%) and the CAC fell by less than a single point (.01%).

    In the US, the DOW rose 211 points (.56%), the NBI rose 8 points (.20%), the NASDAQ Composite continued its losing streak and fell 319 points (2.05%) and the Russell small cap index rose 4 points (.24%).

    High interest rates are dominating market sentiment.

    US Treasury 10 year bond yield is at 4.625%. The bond yield is being supported by interest rates, global tensions and a strong US dollar.

    Oil prices were steady - Brent crude at US$87.20 per barrel.

    The gold price continues to strengthen - now at US$2.389 per oz.

    BITCOIN (after its 4th "halving") sits at US$63,844.
 
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