MSB Trading - 2020, page-22977

Cato

Its a bit early for this but here goes. You have a point about the NASDAQ but this is why you’re wrong.

1. The FED have stated multiple times that they will backstop the market, all asset classes, which is why the market has moved up so fast. They’ve pumped trillions of liquidity to support that statement in unprecedented activity.
2. The US Treasury has $US1.6T+ up their sleeve to spend prior to the US elections to shore up the economy.
3. The US Congress is days away from approving another $US3.4T in fiscal stimulus to support the economy.
4. The Democrats are odds on to win the election, take control of both houses and will spend more.

That takes care of the market.

Next

1. Don’t believe anything (text) on the internet about the market, yours included.
2. There is a 90% chance of the FDA approving MSBs Ryoncil BLA based on approval history of fast track reviews.
3. COVID19 call outs + other trials due well before the elections.
4. The share consolidated after the initial drive to $4.45 in April and recommenced its rise on volume after achieving significant support off old tops and the taking out technical levels - both MSB and MESO. Classic continuation pattern.

Tacos to the Chateau my man!