What I'm Reading (2020-03-30)

I wrote last night that two essential developments are needed if we want to see a U bottom.

• Antivirals/therapeutics and a vaccine
• Antibody testing, in order to get people back to work safely.

There actually has been some significant developments.  Most notably Abbot Lab's 5 (ABT) min test, and J&J's (JNJ) large scale vaccine that could be available early next year.  Additionally, Henry Schein (HSIC) is releasing Covid-19 antibody tests.

• The US can bring people back to work safely if it follows these steps

• J&J and Abbott announce potential vaccine and rapid test

• How Covid-19 immunity testing can help people get back to work

I make particular note of these developments because while I believe the most probably scenario remains the L recession, part of being a successful investor is to remain flexible in thinking.  And these developments are unequivocal market positives.