US markets al declined overnight due to Trumps on-going war with Jerome Powell and his threats to remove him as chair of the US Fed.
The DOW fell 971 points (2.48%), the NBI fell 25 points (.65%), the NASDAQ Composite fell 415 points (2.55%) and the Russell small cap index fell 40 points (2.14%).
Trump has started a campaign against the US FED chair because he has not lowered interest rates, and the markets have been spooked.
Trump has made a comment that "there is virtually no inflation" No doubt he is setting up the US Fed's interest rate policies as causing any future inflation.
I did laugh when I read that Biden was responsible for bird flu and the rise in egg prices. Trump obviously did not like losing the 2020 election
US Treasury 10 year bond yield rose to 4.419%
Oil prices fell - Brent crude is at US$66.55 per barrel.
Gold price rose strongly and is sitting at US$3,424 per oz.
BITCOIN rose to US$87,276.
IMU Price at posting:
2.4¢ Sentiment: Buy Disclosure: Not Held
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