Market rallies will fail until there's an effective way to fight the coronavirus, investor Jeff Mills warns

Trading NationBut he also warns stocks won't see a sustainable rally until there's a way to fight coronavirus infections.

"We just don't know how long the economy is going to be shut down," the firm's chief investment officer told CNBC's "" on Friday. "We don't know how long folks will be quarantined, and I think because of that, it's going to be very difficult for equities to move higher in a steady fashion at least over the next couple of months."and Federal Reserve.

"The fact that the Fed is now here and they're supporting the credit markets... effectively puts a little bit of a bottom in the market," he said.If the"We would use a rally up into the 2,800 level in the S&P 500 as an opportunity to take some risk off the table. Just from a technical perspective, 2,800 is around where resistance is," Mills said. "That's the 50% midpoint between the all-time high and the recent low.

TradingNation Are you and Ackman shorting the market again?

TradingNation And the masses line up.

TradingNation I agree. A scenario based approach to looking ahead.

TradingNation There already is.

TradingNation Cure; Start planning your summer and let the world know. What you are going to experience, eat, buy, enjoy. In vivid terms. Give the market something to react over. SiegelGale Advertising business strategy

TradingNation REALLY ?

TradingNation Spoiler alert: he doesn’t know and neither does anyone else on your network. They’re all spouting BS to fill a 24 hr news cycle

TradingNation The success of a drug treatment for the coronavirus will drive the economic recovery. Fast tracking drug treatment is a national security issue.

TradingNation Seems there is one working right now

TradingNation Ya think?

TradingNation Agree!! The bailout money should have been spent on PPE, ventilators, hospitals, and possible treatments!

TradingNation I wasn’t buying the market rallies at all. It was inevitable that the number of cases were going to sky rocket as well as the death toll.

TradingNation He cute!

TradingNation Honest truth, it’ll be shaky till we reach that point

TradingNation Vaccine human trials started today

TradingNation Personalized approach( it is always individual treatment) is extremely expensive&very few have the same initial conditions ....naturally acquired immunity is the cheapest approach

TradingNation Agreed.

TradingNation Duh. Brilliant viewpoint.

TradingNation Truth

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