S&P futures were up 5.8% the past two days.
With that, I've gone through all of the two-day returns on the S&P 500 futures, dating back to 2006, and as you can see in the chart above, a two-day return of this magnitude is rare, and it comes, every time, at significant moments (vulnerabilities), and fueled by a significant intervention.
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It's the highest conviction position in the portfolio of one of the best biotech investors in the world. And also involved in the stock, is the best activist investor in the world. Both are very influential billionaire investors, with large stakes in the company, and are already pushing company leadership to unlock value in the stock. Wall Street has a high 12-month price target on the stock more than 60% higher than current levels.
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Best,
Bryan
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