HGSI Doc 05.19.2020 Turn Around Tuesday
The markets turned bearish around 3 PM when negative news about the MRNA vaccine hit the wires.
I discuss this in the video, but, the medical literature is not qualitative and presented as a press release. The only negative to me is that I will wait for actual science, not a promotional piece. We certainly pray that they are successful.
As I watch the markets turn down I did a late update and decided to take a quick look at the markets. We are at resistance on the SP500 so it would not take much bad news, for this market to pull back 140 points to recent support at the 50% retracement.