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The markets records optimism after corona vaccine news

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  • The markets records optimism after corona vaccine news

    The news for the positive results from vaccine testing is like a trampling for the markets. The U.S. Market jumps to an absolutely records. Dow Jones reached to 30097 the first time over 30 000 ever. At the same time S&P 500 hit 3674 also first time record.
    The optimism push the Oil price (WTI) back to levels above $41 while at the same time the Gold down over $100 for 5-hours and the current trading is at $1882 instead $1963 the news before.
    According to World-Signals.com the chances for optimism about the end of corona crisis is far away. Nevertheless that the first use of the new vaccine is expecting till the end of 2020 it is not know the effect and probably the economy lock down will continue till the end of the winter season in the northern hemisphere of the Earth.
    Till then the Oil will remain at low levels and is expecting to back below $40 soon while the Gold will recovery above $1920 within 10-days time.

  • #2
    However, what happened when it was informed that Pfizer's report was an internal paper and not an official announcement? Well, what happened is that Pfizer's CEO sold a good chunk of his stocks.

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    • #3
      It was very interesting to see that markets are reacting stronger on news about vaccine than about presidential elections. I see this for the first time that market is almost benevolent about who next president will be.

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