European markets were all down overnight - though markets were subdued and flat.
The FTSE fell 11 points (.14%), the DAX fell 20 points (.10%) and the CAC fell 11 points (.15%).
UK is now on "recession watch" after a second month of negative GDP contraction. GDP fell .1% in October (markets expected a .1% increase). This comes after a .1% contraction in September.
In the US, the DOW fell 86 points (.20%), the NBI fell 39 points (.88%), The NASDAQ Composite rose 23 points (.12%) and the Russell small cap index fell 14 points (.60%).
NASDAQ is being supported by AI stocks.
Worrying signs in the Biotech arena with a continued downtrend in the NBI.
Continued falls in the Russell small cap index indicates a more risk averse stock market.
Some interesting (if not disconcerting) signs elsewhere.
US Treasury 10 year bond yield is again on an upward trajectory and sits at 4.404%. Rising bond yields are not a positive pointer for the share market.
Oil prices are on the increase again - Brent crude is sitting at US$74.43 per barrel.
Precious metal prices have slipped - Gold is at US$2,647 per oz.
BITCOIN continues to appreciate - now at US$101,630. Suspect we are seeing a bubble forming with cryptocurrencies.
IMU Price at posting:
3.9¢ Sentiment: Buy Disclosure: Not Held
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