The last few weeks have seen markets rally, as the virus has become more contained. Now, there is even more optimism around the potential arrival of a vaccine sooner than experts had been expecting.
Much of the selloff in stocks was regarding the uncertainty going forward. In addition to not knowing how long it will take to control the spread of the virus completely, we also don’t know what it will take to reopen the economy successfully.
Some have said mass testing will be sufficient, while others have said that won’t be enough. One thing’s for sure, though; a successful vaccine is the only sure way to get over this.
Last week, it was reported that Gilead Sciences saw early positive signs from its coronavirus vaccine testing. This suggests a vaccine could be ready sooner than the market had expected….CLICK for complete article