Some very serious moves globally overnight after the Trump victory.
In Europe, all markets fell.
The FTSE fell 5 points (.07%), the DAX fell 216 points (1.13%) and the CAC fell 37 points (.51%).
The US reacted quite differently, and markets surged.
The DOW rose 1,507 points (3.57%), the NBI rose 46 points (.98%), the NASDAQ Composite rose 544 points (2.95%) and the Russell small cap index rose 132 points (5.84%).
Of interest is the significant rise in bond yields and BITCOIN and the slump in precious metal prices.
So, some conflicting signs - High bond yields tend to be bad news for share markets but higher BITCOIN and significant rises in the Russell small cap index tends to indicate a less risk averse sentiment.
US Treasury 10 year bond yield rose to 4.444% Bond yield of 4.5-5% are not good signs for the share markets so we might expect some correction in the near future if bond yields continue to rise.
Oil prices are steady - Brent crude at US$75.15 per barrel.
Gold price slumped to US$2,666 per oz.
BITCOIN surged and is sitting at US$76,140.
IMU Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held
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