Yup rotation out of high high-flyers, for the moment, into others areas. Then get back into them after a correction of some sort. + + + Actually NQ is already bouncing just now.
Wouldn't be surprised if this is some clever pump by Pfizer. We've already seen megacaps behaving like pennies this year.
They sure did. Phase III results were expected 3rd week of Oct. Trump was trying to stir up too much competition in the industry.
Pfizer’s results were based on the first interim efficacy analysis conducted by an external and independent Data Monitoring Committee from the phase three clinical study. The independent group of experts oversees U.S. clinical trials to ensure the safety of participants.
And a cursory internet search shows that Joe Biden was the number one recipient of Pfizer political donations. https://www.opensecrets.org/orgs/pfizer-inc/summary?id=D000000138
It’s interesting that big Pharma gave Ole Joe 3x what they gave Orange Man. And Joe knows how to treat his donors - just ask the credit card companies. https://www.drugdiscoverytrends.com/guess-who-the-pharma-industry-is-supporting-for-president/