I woke up to a mundane Monday morning. But, I was surprised by the number of notifications I received on my phone right after 8 AM ET. The market was responding positively to a news report that suggests Pfizer and BioNTech are working on COVID vaccine that is effective in 90% of corona virus infection.
The news broke like a wildfire and almost all of my holdings are seeing minimum of 5% growth. Air Canada (AC.TO) gained 20% early in the morning with the potential news of reopening of skies I guess. It almost feels like everything is rallying up alongside BTC.
My portfolio saw 5% daily increase and 15% of total gain. That is huge. Major banks and airline sector seem to have gained the highest ground. After 30 minutes of morning trade, S&P 500 is at 3624 with +114 gain.Let's see if this rally continues throughout the day. Biden win and the corona vaccine news have delivered the positivity required in the market.
I wonder how BTC and other cryptos will respond to this. While I am writing this BTC is at 15122 which is 1.22% from yesterday's price.