Quote (ofthevoid @ Aug 11 2020 08:50am)
Vaccine news out of Russia.
I think there's a lot of good news coming when it comes to vaccines that will serve as catalysts. A bunch of companies already went into their second stage. Take notice how the market is behaving. Cyclicals popping while tech pulling back. Good news on vaccine front means return to normal so we will see massive sector rotations. Might be wise to throw a few bucks in names that got woodsheded. Airlines, hotels, cruises, etc. If you think about it, there's a ton of pent-up demand for some of these as well. Like the quarters after vaccines start to be massively administered, you might see some monstrous earnings from those beaten up names as people go and visit friends and family or take that delayed vacation. I've been wrong about tech for a while but imo many of these companies are relatively expensive and they could pull back significantly as money flows to better 'value' as we return to normal.
Vaccine only means back to normal if it's
1) safe
2) effective
3) we can make enough of it
and
4) gets full deployment
By all means, throw a few bucks, but a vaccine is only a magic bullet if it meets all those criteria, and the first 2 aren't guaranteed since they are skipping a lot of steps due to the emergency need.