After market closed on 4/16, multiple news came out which stirred after market trading significantly.
Based on another report from Marketwatch.com, Moderna received up to $483 million from the U.S. government to accelerate development of a COVID-19 vaccine. "Moderna said that it plans to begin a Phase 2 study in the second quarter of 2020 and start Phase 3 testing as soon as the fall of 2020". The first patient in the Phase 1 trial received a dose of the vaccine candidate March 16, per the report.
Trump also announced on 4/16 after market that he plans to allow states to reopen for business in a 3-stage process.
Market is bouncing high in the pre Market now. S&P future jumped 3.1% now and DOW Jones future is up 3.26%.
Key Take away on 4/17/2020:
Now is a good time to re-balance portfolio, in plain words: deploying defense strategy and hoarding cash
In a short time it might be bullish, but economic is still yet to show impact from COVID-19
Be ready to see a big downward, not too far, as eventually ripple effect will hit the whole economic badly
Keep calm. Stay live. Deploy strategy. (Repeat)
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