While the overall markets have been beaten down due to inflation, rate hikes combined with high asset prices, and the war in Ukraine, certain assets have been certainly rising like fuel and commodities. I'm almost looking at Pfizer as a commodity at this point since they have become so integral in the fight against COVID. Who knows what the future holds for Pfizer or the possibility of a 4th vaccination round. Right now all I know is that the price is bouncing nicely off the the 200-day SMA for the first time in a while. I'm also inclined to believe that the markets are due for a lift back up soon, so this could coincide with that idea, or even lead the charge.
Opinion only, not financial advice.
Opinion only, not financial advice.