We’ve Seen This Movie Before

Futures have erased 40 points of overnight losses on the latest Statline vaccine news, this time involving Pfizer. As usual, it’s early stages on a limited number of trials. And, as usual, it’s coming in the hour just prior to the market open after futures had dropped below significant support.

We’ve seen this movie before. This is the 2020 version of 2019’s “China Trade Deal is Done!” Chase it at your own risk.

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