2nd Bear Drop - sell now

The 7 biggest stocks by market capitalization in the US have had a massive pullback yesterday, the 13th july.

This week, earnings of the big banks will be published. This will lead to more negative sentiment, as the outlook is not positive.

Also, the covid-19 crisis has spread around in North- and South-America, as nowhere else by now. Which is poison to the economy.

In my opinion, we are about to face a second drop of the markets... which has already started yesterday evening.

So,
today a lot things changed. Wow!

Moderna, a company that develops a cure against corona, has announced, that its likely to have a good solution, which destroys the virus in the human body and is replicable.

It has passed the first phase of scientific validation, and they have already started with phase 2 and 3.

The 3rd phase is the most important. Once accomplished, the scientists can tell for sure if they have a valuable cure or not.

Things seem, that they will have.

Besides that, profit of Goldman Sachs was quite positive.

So, that means that the forecast of "bearish drop" was erased within one day.

Projections are just projections: And you can see, that with a simple but very important press release everything can change.


- However, Covid-19 cases in North- and South-America are still on a raise.

Things and statistics as they are now, does not show an economcial relief.

So, now it depends on the scientists and what kind of solution they will offer, and how fast that will happen.

Travel, airline and other big companies will be released from their problems once and for all (until another virus or crisis may occur).

That will be interesting, until end of the year.

Interesting stuff happening...

Biggest bank of switzerland, serving millionaire and billionaire clients, has stated, that many of their wealthiest clients are now selling their stocks,
and starting to invest into more save assets. As real estate, commodities, insurance companies.

Also, indices in China, South-Korea and Japan are negative today.


However, the chinese economy still grows for about +3.2% year-to-date.

Btw, some analysts see the DOW at 28k points at the end of the year...