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Mobius Capital Partners founder Mark Mobius argues that President-elect Joe Biden will “ likely reverse ” President Trump’s executive order banning Americans from investing in Chinese companies that support the country’s military.
For investors trying to gauge what is most important to predicting the direction of the stock market these days, it is arguably the potential arrival of a COVID-19 vaccine.
RECORD WEEK FOR SHARE FLOWS $ 44.5B
Inflows in global equities hit an all-time high this week, reaching $ 44.5 billion, as followed by Michael Hartnett and his team at Bank of America Global Analytics.
PFIZER VACCINE AGAINST COVID-19: WHAT YOU NEED TO KNOW
US stocks took the lion’s share with $ 32 billion, the second largest on record. Emerging markets recorded $ 6.5 billion, the fifth largest, while technology, energy and financials also profited with gold.
MIGHTY US SMALL CAPS HIT RECORDS
“With COVID vaccinations now a possibility, it will increase sentiment in the market in general and it is globally, not just in the United States,” said Mobius Capital founder Mark Mobius, who was there. ‘one of the world’s most renowned emerging market investors during his tenure. at Templeton.
CASH OUTPUTS
As cash flow was invested in stocks, it moved out of bonds, with US Treasuries registering $ 4 billion in redemptions, the largest in at least six months.
| Teleprinter | security | Latest | Change | % Change |
|---|---|---|---|---|
| PFE | PFIZER INC. | 38.62 | +1.07 | + 2.85% |
| BNTX | BIONTECH SE | 106.00 | +4.37 | + 4.30% |
An announcement from Pfizer and BioNTech on Monday said their vaccine was 90% effective in trials. BioNTech CEO Ugur Sahin followed up on Thursday, telling FOX Business that the vaccine had longevity when administered.
PFIZER-BIONTECH CORONAVIRUS VACCINE SHOULD PROTECT PATIENTS FOR ONE YEAR: CEO
“There is a good chance that the vaccine will not only be protective, but can protect against infection or reinfection for a significant period of time,” Sahin said. “Personally, I expect a vaccine to be able to protect us… for at least a year. If we learn that we need to vaccinate again, we can do it after a year.
ALEX AZAR EMPHASIZES LOCKS AS NECESSARY
Health and Human Services Secretary Alex Azar is also confident that the distribution pipeline to deliver the vaccine will work efficiently, allowing Americans access through their local pharmacies.
“Ninety percent of Americans live within five miles of a drugstore,” Azar told FOX Business. “So we want to meet people where they are. This is typical of President Trump using the expertise of the private sector to get the job done, ”he added.
| Teleprinter | security | Latest | Change | % Change |
|---|---|---|---|---|
| CVS | CVS HEALTH CORPORATION | 71.00 | +1.61 | + 2.32% |
| RAD | RITE ASSISTANCE | 11.85 | +0.18 | + 1.54% |
| WBA | WALGREENS ALLIANCE INC. BOOTS | 42.71 | +1.94 | + 4.76% |
| KR | KROGER | 32.14 | +0.11 | + 0.34% |
| WMT | WALMART INC. | 150.54 | +2.31 | + 1.56% |
CVS, Kroger, Rite Aid, Walgreens and Walmart are among the companies that will promote access.
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