SPDR S&P 500 (SPY)

[GuTA]

My Gut has been telling me that the market would be a leading indicator of our handle on the virus , not the tiger way around. Those waiting for “the cure” to get back in would miss a big portion of the rebound.

Today we wake up with multiple companies with Vaccines (JNJ will have 600-800 million vaccines for the 2021 season) and very promising treatments (GILD) that are wrapping up clinical trials this month as well as Roche who has developed an antibody test which they’ll be scaling to “high double digit millions” by June with further scaling into summer.
There are many others also in production.

We’ve already seen the 50% retrace of the fall from the lows of last month. Those expecting “the end of the world” and stock market collapse better rethink things a bit. We are more likely to end the year with a largely rebounded economy that has TRILLIONS in stimulus attached to it.

The Baby bear orphan maker rally - engaged two weeks ago and will confirm if we close above that 50% retrace this week.

I can make a much easier case for SPY 350 before year end than I could ever make for SPY sub 200. Don’t get caught like the bears of 2009... it’s a traders market, but betting on another crash is a classic suckers bet.

Just my $.02. happy trades and stay OFF of cable news people. The data doesn’t match the turmoil we are being sold daily