August 23, 2020 - Financial Occultist

For context, the internet Bubble was popping & THE FUN was supposedly over as the NASDAQ saw a fast 30% drop Instead,

we saw that BUBBLE expand drastically, eventually reaching HYSTERIA See CHARTS!

From February 19 to date, only 38% of the S&P 500 shares have positive returns.

23-Aug-20 10:21 am

Anirudh Sethi

China health official says China has officially launched emergency use of COVID19 vaccines

23-Aug-20 10:14 am

Analysis

Anirudh Sethi

Coronavirus weekend news – Chinese media, Global Times, reports via Twitter that an official at the country’s National Health Commission:

says China has officially launched emergency use of a vaccine
the vaccine has been in clinical trial since July 22

GT also report on a more than 20,000 person phase III clinical trial in the UAE of Sinopharm’s COVID19 vaccine

has shown a high level of safety
efficacy is currently under observation

Coronavirus weekend news - Chinese media, Global Times, reports via Twitter that an official at the country's National Health Commission:

Both of the GT items are tweets only, not accompanied by further articles for more information.

There is one more that is accompanied by an article – saying that China’s first recombinant protein COVID-19 vaccine made from insect cells has been approved for clinical trials by the National Medical Products Administration.

vaccine is being developed by the State Key Laboratory of Biological Therapy of Sichuan University affiliated West China Hospital
vaccine uses insect cells to multiply in the culture medium and introduces the gene of COVID-19 into insect cells, which means the cell can be used as a factory to produce high-quality recombinant vaccine proteins and purify them for refinement.
vaccine was tested on monkeys and other animals, and was found to have a good protective effect against COVID-19 infection, with no obvious side effects

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Given the history of how markets view vaccine news (generally positively) this threefer from the GT might be a boost for sentiment on Monday. There is still plenty of time left over the weekend for less than favourable stories to develop, stay tuned.