I’m buying shares every week now. In my own portfolio and those I manage for wholesale investors. Some say this is premature. That we’re in for a bleak recession and far from the bottom. Next quarter earnings and GDP will be massively down. Maybe prices need to absorb that.
But with panic-sellers out and the weight of trading moving toward long-term investors, we need to consider the glimmers of a post-COVID recovery.
I may be wrong — but the research I’m doing suggests a floor may have been reached.
We’ve been seeing a slowdown of virus cases. Analysis from J.P. Morgan finds a link between the spread of cases globally and the VIX Index — the fear index we covered on March 25.
With virus curves starting to flatten around the world, VIX fear is falling off sharply. Markets are cautiously rebounding again.
We are monitoring listed companies in the race to produce this vaccine.
One of the initial front runners appears to be…
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