Steelrolled
Steelrolled's JournalThere Is No Alternative to Equities. (At Least Until the Facts Change.)
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
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.
https://www.cnbc.com/2020/06/02/stock-market-futures-open-to-close-news.html
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