Market Talk
So many including myself have been wondering how the market will react to the Presidential election. So it appears that the media has called the election for Biden. The majority control of senate is up for grabs pending outstanding election results from Georgia, North Carolina and Alaska. The Senate determines which drafted laws get actually exercised. But the one notion that seems to be gaining traction is that progressive democrat agendas will be saddled by GRIDLOCK in Washington if republicans maintain control.
It seems like market volatility may be in store pending certain outcomes. The market seems to favor Washington grid lock. It seems that the market is predicting republican control of the Senate and potential gridlock. Decided changes with such a close balance of power leaves me circumspect.
Stock Talk
I have posted my current views on the following. To briefly summarize:
Yamana Gold (AUY) - I like the trend of increasing production results, higher dividend and solid gold and silver pricing in an uncertain world.
Inovio (INO)- waiting to see how the C19 vaccine INO4800 proceeds with Phase 2/3 after the FDA hold on Cellectra device questions. The pipeline on cancer treatments may be the real enchilada for Inovio but the market has eyes on how INO4800 proceeds in a pandemic world.
Sorrento (SRNE) - This company has many hot irons in the fire. I am watching how CoviGuard (STI1499) and STI 2020 proceed in clinical trials of C19 patients.
I consider INO and SRNE speculative "some" positions. However "if" just one of the hot irons strike we could be looking at stock rocket.
watching General Motors (GM) also.
and Dry $ Powder.
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ALL in my humble opinion, scroll down and read more..This site does NOT make Buy / Sell recommendations.
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