Why IMU is a multi multi bagger, page-23086

Global markets generally subdued overnight.

In Europe, the FTSE fell 22 points (.28%). Both the DAX and CAC were closed for the Labour day public holiday.

In the US, the DOW closed up 87 points (.23%), the NBI was the standout and had a very good rise of 90 points (2.18%), the NASDAQ Composite fell 52 points (.33%) and the Russell small cap index rose 6 points (.32%).

US Fed held rates on hold. US Fed chair, Jerome Powell made some interesting comments - maybe at odds with each other.

He notes that there was a lack of progress with getting inflation under control. He also commented that it was "unlikely" that there would be any hies in interest rates.

Some interesting developments with commodities and other investment areas.

US Treasury 10 year bond yield is at 4.64%.

Oil prices slumped overnight. Not sure why they did - Brent crude fell to US$83.50 per barrel. A drop of 5%.

Gold price continues to retrace and is at US$2,315 per oz.

BITCOIN has also fallen heavily over the last week. Currently at US$57,089.