The underlying USD devaluation seems little changed on the whole despite the Coronavirus hijack. Volatility is subdued as seen in the diagram below, which is making it very simple for large sizings to enter as was the case in 2007.
The USD weakness (which is a lot clearer on the Monthly chart) is a significant component in the reflation trade, growth...
A good time to review the previous floor at 60.xx that we have been tracking for almost a year in $GILD. Here taking the latest misses in Q4 Earnings with a pinch of salt as the red carpet has been rolled out for Gild via China. Once again another buying opportunity given the latest progress around Phase III clinical trials:
On the Remdesivir (GS-5734) side,...