Stocks can’t decide what’s more important, the first vaccinations or impending economic shutdowns in New York City and California
Stocks moved higher in the morning today on optimism that the first coronavirus vaccinations meant a “return to normal” was just around the corner. As of 10:00 a.m. Nw York time the Standard & Poor’ 500 had climbed to 3697. And then in the...
Publication of FDA review shows Pfizer vaccine almost certain to get emergency use authorization on Thursday
A 53-page review published as a Food & Drug Administration briefing document today confirms that the vaccine from Pfizer (PFE) and BioNTech (BNTX) meets the agency’s standards for emergency use authorization. The briefing document is the result of two weeks...
Pfizer’s warning on logistics difficulty in delivering vaccine stalls stocks at end of trading
Pfizer (PFE) stock tumbled Thursday after the company reportedly slashed its expectations for coronavirus vaccine deliveries in 2020 due to supply-chain issues. “Scaling up the raw material supply chain took longer than expected,” a company spokeswoman...
Dollar sinks to lowest level in 2 years; gold (finally) bounces
The Dollar Spot Index (DXY) fell by 0.7% today to the lowest level in more than two years on the biggest drop in almost four weeks. The Dollar Index is now down 5.28% for the year and down 12% from its March peak The euro surged 1.2% to $1.2075, the highest level...
Vaccine herd immunity calendar from Fauci
Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, said today that he anticipates that “ordinary” Americans–that is those without priorities for receiving a coronavirus vaccine because of age or underlying...
Nevada puts new coronavirus restrictions on Las Vegas casinos–but so far MGM Resorts stock gains
Saying on Sunday that the coronavirus surge in Nevada is running at wildfire levels, Governor Steve Sislak announced new restrictions to start on Tuesday and that will run for three weeks. The new rules will require casinos, amusement and theme parks, arcades, bars,...
Why Pfizer’s coronavirus vaccine news is even bigger than it seemed yesterday
There’s really, really good news in Pfizer’s announcement that the coronavirus vaccine it has been developing has turned out to be 90% effective. And that’s true even if it turns out that some other company’s vaccine becomes the preferred...
What we know/don’t know about Pfizer’s coronavirus vaccine
The interim data from Pfizer (PFE) indicated no serious safety concerns, but the data covers a relatively short time period and safety issues could emerge as the company follows trial participants for a longer time. Which is why the U.S. Food & Drug...
Look ahead to a volatile 9 months: Time to chew gum, walk, rub your belly, and pat your head at the same time
As of today, November 3 at 12:30 p.m., I don’t know who will win the Presidential election. I don’t know if the rally in the stock market today, with the Standard & Poor’s 500 up 2.02% at 12:30 p.m. New York time, is a vote for some specific...
Pfizer to deliver first vaccine efficacy results as soon as September 27–but what, if anything, will they mean?
Pfizer (PFE) and its partner BioNTech (BNTX) plan to take a first look at the efficacy results from their 44,000 personal vaccine trial as soon as September 27. But that first look will be after just 32 coronavirus infections have accumulated in the two...
Pfizer good news on coronavirus vaccine moves stocks ahead
Just in case you were wondering if the market is counting on a coronavirus vaccine in the nearer term, wonder no longer. (Expectations, for the moment, look to a vaccine by January, if I can judge by comments I’m seeing.) News from Pfizer (PFE) and partner...
More headroom for biotech sector–and heads up on a coming pick
On May 29 the iShares NASDAQ Biotechnology ETF (IBB) hit an all-time high of $134.85, breaking the record of $133 set in 2015. Not surprising with money flooding into the sector as everyone and their Aunt Sally looks to find the stock that will rocket to the moon on...
Stocks roar ahead on perfect storm of good news
As of 1 p.m. New York time today, May 18, the Standard & Poor’s 500 is up 3.17% and the Dow Jones Industrial Average is higher by 3.60%. The NASDAQ Composite has climbed 2.47% and the Russell 2000 small cap index is ahead 5.29%. The iShares Emerging Markets...
Positive coronavirus news from Abbot and J&J
Johnson & Johnson (JNJ) said today that it will begin human testing of its experimental vaccine for the coronavirus by September and that clinical data on its effects is expected before the end of the year. If the vaccine works well, the company said it could be...Jim’s Daily Email Alerts:
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