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Steelrolled

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Member since: Mon Apr 29, 2019, 07:15 PM
Number of posts: 1,316

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There Is No Alternative to Equities. (At Least Until the Facts Change.)

TINA is about to face a big test.

TINA—There Is No Alternative—is a popular Wall Street acronym describing a key reason why equities remain so popular. Put simply, TINA says that investors will buy equities because all other investment opportunities are worse.

Over the past few months, TINA has powered a strong recovery of global equity markets. Central bank easing in response to the pandemic-induced recession pushed government and corporate bond yields to historic lows. In all major markets, government bond yields are now well below expected rates of inflation.


https://www.barrons.com/articles/tina-is-looking-vulnerable-beware-market-group-think-51593429300

For those in the Cincinnati area...

Coronavirus in Ohio: UC will need 500 volunteers next month to test possible vaccine

The University of Cincinnati and UC Health will join 90 other sites across the country to run a key federal clinical trial of a potential vaccine for the novel coronavirus. Five hundred healthy local volunteers will be needed starting in July.


https://www.cincinnati.com/story/news/2020/06/17/coronavirus-ohio-volunteers-wanted-test-vaccine-prospect-cincinnati/3205246001/


"UC was chosen because we have a proven track record of high-quality research and are the number one site in the NIAID-funded, AIDS Clinical Trials Group in the U.S. We are proud to bring leading-edge research to Cincinnati so that we can help our community battle the COVID-19 pandemic and be part of the solution,” said Carl Fichtenbaum, MD, professor in the Division of Infectious Diseases in the Department of Internal Medicine at the UC College of Medicine and a UC Health physician.


https://www.uchealth.com/press-releases/clinical-trial-for-covid-19-vaccine/

Moderna Will Start Testing Its Covid-19 Vaccine on 30,000 People in July

Source: Barrons

The biotech startup Moderna says it will begin the pivotal trial of its candidate vaccine against Covid-19 in July. In a Thursday morning announcement, it said it hopes to enroll 30,000 volunteers—randomizing them to receive either a placebo or the vaccine, and a second booster shot one month later. Researchers will then watch to see how many in each group contract Covid as they go about their lives over the subsequent year.



Read more: https://www.barrons.com/articles/moderna-will-start-testing-its-covid-19-vaccine-in-july-51591878151

S&P now only 8% down from the peak, up nearly 40% from the bottom

The recovery has not been "V shaped" but pretty close. I think traders are getting used to COVID-19. I'm still nervous, but will not be pulling money out. During the darkest days, I just had to plug my ears and say la-la-la.

ADP and Moody’s Analytics reported private payrolls fell by another 2.76 million in May. The ADP number was far less than the 8.75 million estimate. Data from the Institute for Supply Management showed the U.S. services sector contracted less than expected, rebounding from an 11-year trough.


https://www.cnbc.com/2020/06/02/stock-market-futures-open-to-close-news.html
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