Leaving 100% G and going in 50% S, 25% C and 25% I COB today.
News Factors:
Gilead had successful clinical run of treating patients with "Moderate" COVID last week...their results of clinical trial test of "Severe" COVID patients will be announced in about a week.
Congress getting ready to pass a few more hundred BILLION in Small Business aid this week.
Daily Deaths in US of COVID dropping off significantly the past 3 days, as are new cases, esp in NYC.
Some states opening up some businesses today, others on May 1 (11 days away) others on May 15th. Some European countries and Japan opening up also.
A European Rx company says it is hoping to have a vaccine ready by September...they're getting ready to have mass production in place now, so that if final tests are conclusive by September, they can start making millions of doses right away.
With all these things coming up, I don't see an immediate catalyst to knock stocks back down too far, other than a 1-2 day drop...but nothing to new lows.
So with us only having 8 trading days left in April after today...with stocks negative to neutral as of noon EDT...I thought this was as good a time as any to go in.
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