For hump Wednesday, I am asking the question on whether the two premier diet drug companies are finally over the hump and have stopped the bleed?WEIGHT-LOSS DRUG COVERAGE RISES AMONG LARGE US EMPLOYERS IN 2024: MERCER SURVEY 44% of US employers with 500+ employees now cover weight-loss drugs, up from 41% in 2023. Among employers with over 20,000 employees, 64% offer coverage, compared to 56% last year. Coverage includes GLP-1 drugs like Wegovy and Zepbound , shown to reduce weight by 15-20%.
Plus, I cannot help but perseverate on the domino effect of a percentage of the population thinner, now wanting to do injectables, use better skin care products, wear more makeup, buy better clothes, go to the gym, and so on..Novo-Nordisk also had a clear reversal bottom low on Monday.Real Motion never flashed a Bonafide mean reversion. However, the Leadership indicator tells us that NVO’s performance is not too far behind the benchmarks.
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