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Steelrolled

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Member since: Mon Apr 29, 2019, 08:15 PM
Number of posts: 1,090

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New COVID-19 inflections downward trend.

I haven't heard this reported at all, but it seems like the infection rate has clearly peaked and the 7-day average has been down for 16 days in a row. Am I missing something?




Edit to add source (very popular site): https://www.worldometers.info/coronavirus/country/us/

Kodak soars another 60% after Trump announces deal to manufacture generic drug ingredients

Source: CNBC

Shares of Kodak soared more than 60% in extended trading. The stock more than tripled during Tuesday’s regular trading for its best day ever after the U.S. government awarded the company a $765 million loan to start producing drug ingredients under the Defense Production Act, the first of its kind.

Read more: https://www.cnbc.com/2020/07/28/kodak-soars-another-40percent-after-trump-announces-deal-to-manufacture-generic-drug-ingredients.html



I figured this was coming as a longer term effort to pull critical medical manufacturing back to the US.

But I think it would have been better done through regulation (e.g. make it very expensive to do production overseas) and allow the market to pull back the manufacturing.

Just registered for the COVID-19 vaccine trial

https://www.coronaviruspreventionnetwork.org/

It is a fairly long questionnaire - probably about 40 questions, mostly about your interactions with other people on a daily basis, some medical history, willingness to sacrifice your life for the benefit of society (just kidding on that last one) As I was filling it out, I got the feeling I won't be selected because I'm isolating to a large degree, and wouldn't be a good test subject.

I still have not seen a definitive list of test sites, but I'm fairly sure there will be one or two in my city.

I broke a record this tax year

I filed 2 days early. The 3 months of extra time I was given did me no good .

I'm usually one of those looking for a post office with late-night hours.

This time I field electronically even though I owed money. With interest rates what they are, it wasn't worth delaying another week or so by mailing in a check.

In 500 years, what will we be condemned for?

In particular I'm wondering about things that most people view today accept as "that's the way it is".

Of course, this is based on an assumption we will be more civilized in 500 years, compared to today. And that our civilization will exist in an organized form.

I am imagining that in 2520, people might marvel how 21st century governments, and their leaders, were so tolerant of great quality of life inequality in their countries, and the even greater inequalities between countries. Genocides continues to occur, and the western counties barely notice.

How about farmers who raised animals for food?

Fisherman?


There Is No Alternative to Equities. (At Least Until the Facts Change.)

TINA is about to face a big test.

TINA—There Is No Alternative—is a popular Wall Street acronym describing a key reason why equities remain so popular. Put simply, TINA says that investors will buy equities because all other investment opportunities are worse.

Over the past few months, TINA has powered a strong recovery of global equity markets. Central bank easing in response to the pandemic-induced recession pushed government and corporate bond yields to historic lows. In all major markets, government bond yields are now well below expected rates of inflation.


https://www.barrons.com/articles/tina-is-looking-vulnerable-beware-market-group-think-51593429300

For those in the Cincinnati area...

Coronavirus in Ohio: UC will need 500 volunteers next month to test possible vaccine

The University of Cincinnati and UC Health will join 90 other sites across the country to run a key federal clinical trial of a potential vaccine for the novel coronavirus. Five hundred healthy local volunteers will be needed starting in July.


https://www.cincinnati.com/story/news/2020/06/17/coronavirus-ohio-volunteers-wanted-test-vaccine-prospect-cincinnati/3205246001/


"UC was chosen because we have a proven track record of high-quality research and are the number one site in the NIAID-funded, AIDS Clinical Trials Group in the U.S. We are proud to bring leading-edge research to Cincinnati so that we can help our community battle the COVID-19 pandemic and be part of the solution,” said Carl Fichtenbaum, MD, professor in the Division of Infectious Diseases in the Department of Internal Medicine at the UC College of Medicine and a UC Health physician.


https://www.uchealth.com/press-releases/clinical-trial-for-covid-19-vaccine/

Moderna Will Start Testing Its Covid-19 Vaccine on 30,000 People in July

Source: Barrons

The biotech startup Moderna says it will begin the pivotal trial of its candidate vaccine against Covid-19 in July. In a Thursday morning announcement, it said it hopes to enroll 30,000 volunteers—randomizing them to receive either a placebo or the vaccine, and a second booster shot one month later. Researchers will then watch to see how many in each group contract Covid as they go about their lives over the subsequent year.



Read more: https://www.barrons.com/articles/moderna-will-start-testing-its-covid-19-vaccine-in-july-51591878151

S&P now only 8% down from the peak, up nearly 40% from the bottom

The recovery has not been "V shaped" but pretty close. I think traders are getting used to COVID-19. I'm still nervous, but will not be pulling money out. During the darkest days, I just had to plug my ears and say la-la-la.

ADP and Moody’s Analytics reported private payrolls fell by another 2.76 million in May. The ADP number was far less than the 8.75 million estimate. Data from the Institute for Supply Management showed the U.S. services sector contracted less than expected, rebounding from an 11-year trough.


https://www.cnbc.com/2020/06/02/stock-market-futures-open-to-close-news.html

Coronavirus: Scientists conclude people cannot be infected twice

Source: msn / sky new

A number of reported cases of coronavirus patients relapsing after overcoming the disease were actually due to testing failures, South Korean scientists say.

Researchers at the South Korean centre for disease control and prevention (CDC) now say it is impossible for the COVID-19 virus to reactivate in human bodies.

...

A total of 277 patients in the country were believed to have fallen ill for a second time, as had patients in China and Japan. This prompted concerns that the virus could be mutating so quickly that people were not necessarily immune to catching it again.

However, genetic analyses of the virus have not found any substantial changes which would effectively disguise it from the immune system.

Read more: https://news.sky.com/story/amp/coronavirus-scientists-conclude-people-cannot-be-infected-twice-11981721



Hopefully they are now correct - very good news if so.
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