The same thing happened when unemployment numbers were released two weeks ago. The Fed made their announcement at that same minute. Maybe it was just a nice coincidence
Gilead is shady as fuck. There are many companies working on a vaccine at the moment, but you don't hear anything about them. Most likely GILD is not doing any better than their "competition", they just report a lot of hope and investors buy it.
The market is so funny. I actually thing the GDP number is "bullish" The Fed put will just remain in play. EDIT: I'm building put option positions as an insurance for my long positions.
Good to have you back, Schizo. It's not paranoia if they're after you, and in the market they are. That's why I don't like posting my stops. In fact, I only post some trades out of "politeness" and respect for those who usually do. --- LF, we're not going to have a repeat of yesterday's PA, right?
Remdesivir of GILD is an anti-viral treatment, not vaccine. Their phase III trial could be done within weeks on fast-track approval. GILD has no competition at all for this drug. But none of their announcement so far mentioned anything about comparison to the control group (placebo), therefore meaningless. However, vccine development at MRNA, INO, BNTX ... are more risky bets than GILD. Most of them have less than 10% of chance and the time frame could be as long as 3-5 years.
I expect us to grind until Fed says what's on their mind. I'm expecting them to say shit is bad, but they got it under control..and water is wet.
The NIAID study is a double blind, placebo-controlled study. It's being reported that it met its primary end-point.