Vaccine rally?

I thought it was the Fed, who said GDP could be -30%, triggering today's rally but now I see they are saying the Moderna vaccine trials are going well.


Stocks rallied on Monday, rebounding from losses last week, as news from a Moderna trial stoked optimism about a potential coronavirus vaccine.

https://www.cnbc.com/2020/05/17/stoc...this-year.html


Moderna reports positive data on early-stage coronavirus vaccine trial, shares surge

https://www.cnbc.com/2020/05/18/mode...ine-trial.html

There goes that 61.8% Fibonacci retracement that everyone thought would be a major barrier. NDX looking to close that gap higher sooner than later.

It's a very hated bull market climbing a wall of worry. You'd think right now the needle would be in the green.

Attachment 46167

I don’t buy it (either one!).
I sold all my TSP equity funds.
I also sold off part of my Bitcoin (GBTC) and part of my Tesla (TSLA).
I may be wrong, but I think this was a suckers rally. Time will tell. :kiss: