Proceed Cautiously Tomorrow

2020年5月29日

First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, here are my few insights. I think Fauci's comments on Hydroxychloroquine and his flip flops back and forth on stances that he takes is discouraging. As much as people like Fauci, he haven't been quite accurate lately or thinking of the potential downfall of his comments. Whenever he changes his mind or says something wrong, thousands of jobs can be lost and billions of dollars can be erased from markets. No epidemiologist should have as much power in voice affecting the market as he does. He is only human. It is mostly the fault of large institutional investors acting as if he is an economist or sociophysicist who studies market offsets. Whenever he says something negative, institutional investors expect industrialist market segments to crash or act like its doomsday. Also, the China conference call tomorrow/ news conference on trade and Asian markets have people worried. Even see what Marketwatch are saying. I am bullish still on many of my current positions. I'm just saying for general traders who think tomorrow will be a great day for alot of markets, please proceed with caution. I know I watch things like a hawk, and am relentless in what I do.