Just as fast as the news of COVID vaccine may have rallied the market this past week, the effects may be short lived as they were in the past when the realization that we still are a minimum of 6-12 months away from anything remotely resembling a normal society. With that said, companies like MGM will likely see another dump of their stock when investors realize that lockdown may inevitably have to happen again in order to slow the burden of the hospital systems this winter. Oddly enough, coinciding this news is the major pivot point for the S&P500 along with a major uptick in COVID lockdown news. This week will give us a good idea of what will happen next.
Note: This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action, including without limitation as those terms are used in any applicable law or regulation
Note: This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action, including without limitation as those terms are used in any applicable law or regulation
Comment:
Still expecting dip over the next 2 weeks. Leaving the trade open for now.