Why IMU is a multi multi bagger, page-23538

European markets were all down overnight. Pundits are putting the falls down to profit taking and not on any changes in fundamentals.

The FTSE closed down 18 points (.22%), the DAX fell 34 points (.18%) and the CAC fell20 points (.26%).

In the US, markets were mixed.

The DOW was up 134 points (.34%), the NBI fell 19 points (.45%), the NASDAQ Composite fell 12 points (.074%) and the Russell small cap index fell less than 1 point (.025%).

First time that the DOW has closed above 40,000 points. The DOW has doubled in points since 2017 - largely driven by tech stocks (Apple and Microsoft among the main movers).

US Treasury 10 year bond yield is up to 4.42%.

Oil prices have risen - Brent crude at US$83.95 per barrel.

The gold price is up to record levels - US$2,416 per oz. Precious metal prices rose significantly overnight with a big rise in the silver price as well - up 6% to US$31.50 per oz. This is the highest price since 2013.

BITCOIN price also surged overnight - now at US$ 67,011.