Connect with us

Government

Saxo: Equity Trends In 2020 & What To Expect Next Year

Saxo: Equity Trends In 2020 & What To Expect Next Year

Authored by Peter Garnry, Head of Equity Strategy at Saxo Bank,

Summary:  

This year has seen some dramatic trends from the crunch in value stocks to the outrageous performance…

Published

on

Saxo: Equity Trends In 2020 & What To Expect Next Year

Authored by Peter Garnry, Head of Equity Strategy at Saxo Bank,

Summary:  

This year has seen some dramatic trends from the crunch in value stocks to the outrageous performance of stocks exposed to the green transformation and the digital economy. We discuss all the themes this year and whether they will continue in 2021 or whether we will experience turn of events with new powerful themes emerging.

This year has surpassed even our wildest imagination with a global pandemic racing the world causing severe restrictions crumbling economic activity on a scale not witnessed since World War II. Despite this horrible backdrop we have witnessed some extraordinary events in global equity markets from large winners and losers across companies, industries, and countries. We look at this year’s trends and whether they will continue next year.

This year’s winners and losers

If we look at the two biggest equity markets in the world, the US and Europe, then there is a clear signal across the winners and losers among single stocks. The 20 best performing stocks across these two markets have had an average return year-to-date of 148% in local currency as of last Friday driven by strong gains across stocks such as Etsy, Sinch, Hellofresh, NEL and Adyen all being part of the digital and green transformation trends this year. The pandemic has lifted companies exposed to the digitalisation and governments have increased their investment commitments on the green transformation with a new “green deal” in the EU lifting companies with exposure to green energy.

One company that is not on the list of winners is Tesla but would have been on the list if the company had been part of the S&P 500 Index. Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically despite the economic fallout fuelling a multiple expansion discounting Tesla dominance in the future car industry and big player in the future of energy markets. Tesla was recently admitted into the S&P 500 index and the inclusion happens today.

The 20 best performing stocks in 2020 among US and European equities

Source: Bloomberg and Saxo Group

The 20 worst performing stocks among US and European equities

 

Source: Bloomberg and Saxo Group

 

Among the 20 worst performing stocks the average total return has been -54% this year in local currency driven by European stocks. On the losing list, we find European banks hit hard by the economic fallout, cruise lines and airliners hit hard by travel restrictions and then of course companies related to the oil and gas industry which have been hit hard by lower demand for energy. The energy sector also delivered a true outlier in financial markets history with the first ever negative futures prices with WTI crude going negative as the market ran out of storage capacity. It was a short anomaly and the market quickly normalised again.

We know from the equity factor literature that performance over the past 12 months has a tendency on average to extend, this is also called the momentum effect, so based on past experience we should expect these trends in single stocks to continue, that is digital and green energy companies to continue higher and everything travel related to continue underperforming. But we would argue that this year has been so special that this relationship has a high likelihood of not extending and thus we could see strong mean reversion effects in these performance lists. A better than expected vaccine roll-out is naturally a key necessity for this pattern.

Emerging markets have shown strength

Based on closing prices on Friday, emerging markets had been the best performing market this year ahead of US equities reflecting the better relative handling of Covid-19 in Asia which has enabled the region to faster resume production capacity and exports goods into the developed worlds, but also seeing a faster rebound in consumer confidence and spending. The positive rebound in Asia causing emerging market equities to hit a new all-time high in USD has also spilled into Japanese equities up 13% year-to-date.

Source: Saxo Group

Europe has once again been a weak market driven by poor handling of the Covid-19 pandemic, Brexit tensions that could end in a new no-deal deadline extension on December 31 if the UK and Europe cannot agree on a trade deal. European equities have become one of the cheapest equity markets in the world and in theory a hunting ground for value investors, but the continent’s equities are cheap for a reason. It lacks a big publicly listed technology sector, and the economic engine is impaired relative to other parts of the world. Maybe the green transformation and related stimulus will revert the ugly trends for Europe in 2021.

Source: Bloomberg and Saxo Group

The value crunch and the disbelief in ‘quants’

Looking across equity factors the overshining story this year has been the absolute crunch of value stocks which are heavily tilted towards financials, miners, energy, utilities and industrials which have all been hit hard by the Covid-19 pandemic. To sum it up in short, cheap stocks have become cheaper and expensive stocks have become more expensive leading to some of the world’s largest quant funds to write many papers explaining the value crunch and that now is a better time than ever to bet on cheap stocks. It might be true, but it likely depends on a few things such as higher interest rates and inflation, and retail investors losing their appetite in equity markets. Recently many investors have talked about the “great value rotation”, but while we recognise the potential, we are not onboard yet. We need to see a breakout of interest rates combined with higher inflation before we join the crowd, and with today’s move due to the new Covid-19 mutation in the UK the value rotation might take a bit longer than expected.

Source: Bloomberg and Saxo Group

The fall of value stocks this year has many similarities to the 1998-2000 run-up in equity markets and in particularly technology stocks. The retail participation is high again, and estimated to be around 20% of equity flow in the US by some US market makers, but amplified this time by a significantly larger among of call options on top of the cash equity activities forcing market makers in options to push up the underlying stocks through their hedging activities. Retail investors do not invest, or trade based on sophisticated valuation models but invest instead on stories and simple technical momentum indicators. These forces amplify momentum trades and push up already expensive stocks because they are also the ones showing up on momentum indicators. A forceful feedback loop is in play.

Another striking similarity to the dot-com days is the elevated VIX Index together with the strong momentum. In the years 1998-2000, the VIX Index was hovering around 25 on average something the short volatility traders of the past seven years would have a hard time comprehend as the VIX Index has rarely been above in 20 in a sustained manner until 2020 where it has only briefly dipped below 20. As some quant funds suffered in the years 1998-2000, at least those that heavily incorporated the value factor, some of the most well-respected quant funds have also had a hard time this year causing both investors and some well-known quant researchers to doubt the discipline itself. This could be a sign that we are reaching some inflection point, but we do not really know as crazy periods can go on for a long time. But one thing is for sure, we have had a structural shift in the market this year because hedge funds such as Renaissance Technologies are not stupid and if they have been wrongfooted this year on their longer term signals/factors then something profound happened.

Source: Bloomberg

Online vs offline

This year will be remembered for the spectacular rebound and returns in stocks related to the online world and the green transformation. As the table below shows, the big winner has been clean energy stocks up 123% year-to-date as investors are betting that the new Biden administration in the US will massively change the landscape for clean energy stocks in the US. China has recently committed itself to become carbon neutral before 2060 and is thus expected to dramatically shift it investments over the coming 10 years. In Europe, which was already leading the game the recent “green deal” will just turbocharge this trend. As we wrote in early January, the green transformation will most likely be one of the biggest trends in financial markets over the coming decade and some of the world’s most valuable companies in the future will be those that help solve the problems related to our environment and climate change.

Source: Bloomberg and Saxo Group

The three other winning themes this year have been companies in health care and especially those involved in Covid-19 tests and vaccines, but in general the entire sector has been lifted, and then of course digital companies within delivery services, e-commerce and software including work-from-home stocks. Finally, the automation and robotics theme has seen a boost as investors are betting on more automation as a result of Covid-19 as robots are immune to viruses and thus the more we automate the less fragile our production and supply chains become to future pandemics.

The flipside of the rise of stocks with exposure to the digital economy is the physical world. The losing themes this year have been energy, infrastructure, and private equity. However, the latest signs of rapidly rising shipping rates and logistics costs and higher commodity prices, we are beginning to see the inflection point of a physical world that has reached a temporary limit on its ability to support the demand coming the digital economy. The latest news from Apple expecting a 30% increase in iPhone production is said to have difficulties sourcing enough components to meet the demand. The long winning streak of the digital economy in the past 10 years have caused an underinvestment in the physical world to a degree where the physical world will need higher prices to send out signals to investors in order to get investments and expand supply.

What to expect in 2021?

Forecasting is a fool’s errand but nevertheless we will try to formulate our best guesses on what to expect in 2021. Our core argument is that policy makers will make the policy mistake of overstimulating the economy on top of a better than expected vaccine rollout. This will cause the economy to run hot next year pushing up real inflation in the physical world and with that long-term interest rates and thus significantly steepening the yield curve. This will help financials and companies exposed to the physical world and thus value stocks could have one of its best years ever. But will it create a plunge in technology stocks? If the interest rate rise is well behaved, and the US 10-year yield stays below 2% then our guess is that technology stocks will continue to rise but lose out to value stocks on a relative basis. If we move beyond 2% on long-term yields, then the rate sensitive stocks (the super aggressively priced growth stocks) could experience a seismic change in valuation and a dramatic collapse in their stock prices. This move will most likely be linked to Europe which may have a good year in equities for once.

The US-China tension will continue to rise next year, and supply chains will continue to change with more companies diversifying their production out of China. This will add to the rise in inflation as globalisation over the past 40 years with China turning into the world’s factory has put a lid on prices. But despite of these changes the emerging markets will continue to do well, and we believe this part of the equity market will do very well next year. Green energy can almost only disappoint as the sector is priced for perfection, but momentum trades can continue much longer than what would seem rational.

Next year could also be the year when investors are scared about the willingness of governments to intervene in markets to restore competition, especially in the digital economy. The trajectory is for regulation and the big potential headline next year could be that of breaking up Facebook or forcing Google to “open up” technology in search and other related technologies so competition can increase. We saw similar moves in the 1960s with IBM and AT&T/Bell Labs, so it could happen again. Amazon is ripe for an antitrust move by the US government but our guess is that Amazon will make a pre-emptive move by spinning out Amazon Web Services driven by the valuation that Snowflake just recently got in its IPO but also because it can divert attention for a while.

One thing is for sure. Only half of the above guesses will come true and something crazy will likely hit the world that makes these forecasts look stupid in hindsight when the calendar reads December 2021. But we feel confident that next year will throw new dramatic moves at investors, unless this is our ultimate failed prediction and markets become unusual quiet next year with super low volatility again. Time will tell.

Tyler Durden Tue, 12/22/2020 - 13:19

Read More

Continue Reading

International

Mistakes Were Made

Mistakes Were Made

Authored by C.J.Hopkins via The Consent Factory,

Make fun of the Germans all you want, and I’ve certainly done that…

Published

on

Mistakes Were Made

Authored by C.J.Hopkins via The Consent Factory,

Make fun of the Germans all you want, and I’ve certainly done that a bit during these past few years, but, if there’s one thing they’re exceptionally good at, it’s taking responsibility for their mistakes. Seriously, when it comes to acknowledging one’s mistakes, and not rationalizing, or minimizing, or attempting to deny them, and any discomfort they may have allegedly caused, no one does it quite like the Germans.

Take this Covid mess, for example. Just last week, the German authorities confessed that they made a few minor mistakes during their management of the “Covid pandemic.” According to Karl Lauterbach, the Minister of Health, “we were sometimes too strict with the children and probably started easing the restrictions a little too late.” Horst Seehofer, the former Interior Minister, admitted that he would no longer agree to some of the Covid restrictions today, for example, nationwide nighttime curfews. “One must be very careful with calls for compulsory vaccination,” he added. Helge Braun, Head of the Chancellery and Minister for Special Affairs under Merkel, agreed that there had been “misjudgments,” for example, “overestimating the effectiveness of the vaccines.”

This display of the German authorities’ unwavering commitment to transparency and honesty, and the principle of personal honor that guides the German authorities in all their affairs, and that is deeply ingrained in the German character, was published in a piece called “The Divisive Virus” in Der Spiegel, and immediately widely disseminated by the rest of the German state and corporate media in a totally organic manner which did not in any way resemble one enormous Goebbelsian keyboard instrument pumping out official propaganda in perfect synchronization, or anything creepy and fascistic like that.

Germany, after all, is “an extremely democratic state,” with freedom of speech and the press and all that, not some kind of totalitarian country where the masses are inundated with official propaganda and critics of the government are dragged into criminal court and prosecuted on trumped-up “hate crime” charges.

OK, sure, in a non-democratic totalitarian system, such public “admissions of mistakes” — and the synchronized dissemination thereof by the media — would just be a part of the process of whitewashing the authorities’ fascistic behavior during some particularly totalitarian phase of transforming society into whatever totalitarian dystopia they were trying to transform it into (for example, a three-year-long “state of emergency,” which they declared to keep the masses terrorized and cooperative while they stripped them of their democratic rights, i.e., the ones they hadn’t already stripped them of, and conditioned them to mindlessly follow orders, and robotically repeat nonsensical official slogans, and vent their impotent hatred and fear at the new “Untermenschen” or “counter-revolutionaries”), but that is obviously not the case here.

No, this is definitely not the German authorities staging a public “accountability” spectacle in order to memory-hole what happened during 2020-2023 and enshrine the official narrative in history. There’s going to be a formal “Inquiry Commission” — conducted by the same German authorities that managed the “crisis” — which will get to the bottom of all the regrettable but completely understandable “mistakes” that were made in the heat of the heroic battle against The Divisive Virus!

OK, calm down, all you “conspiracy theorists,” “Covid deniers,” and “anti-vaxxers.” This isn’t going to be like the Nuremberg Trials. No one is going to get taken out and hanged. It’s about identifying and acknowledging mistakes, and learning from them, so that the authorities can manage everything better during the next “pandemic,” or “climate emergency,” or “terrorist attack,” or “insurrection,” or whatever.

For example, the Inquiry Commission will want to look into how the government accidentally declared a Nationwide State of Pandemic Emergency and revised the Infection Protection Act, suspending the German constitution and granting the government the power to rule by decree, on account of a respiratory virus that clearly posed no threat to society at large, and then unleashed police goon squads on the thousands of people who gathered outside the Reichstag to protest the revocation of their constitutional rights.

Once they do, I’m sure they’ll find that that “mistake” bears absolutely no resemblance to the Enabling Act of 1933, which suspended the German constitution and granted the government the power to rule by decree, after the Nazis declared a nationwide “state of emergency.”

Another thing the Commission will probably want to look into is how the German authorities accidentally banned any further demonstrations against their arbitrary decrees, and ordered the police to brutalize anyone participating in such “illegal demonstrations.”

And, while the Commission is inquiring into the possibly slightly inappropriate behavior of their law enforcement officials, they might want to also take a look at the behavior of their unofficial goon squads, like Antifa, which they accidentally encouraged to attack the “anti-vaxxers,” the “Covid deniers,” and anyone brandishing a copy of the German constitution.

Come to think of it, the Inquiry Commission might also want to look into how the German authorities, and the overwhelming majority of the state and corporate media, accidentally systematically fomented mass hatred of anyone who dared to question the government’s arbitrary and nonsensical decrees or who refused to submit to “vaccination,” and publicly demonized us as “Corona deniers,” “conspiracy theorists,” “anti-vaxxers,” “far-right anti-Semites,” etc., to the point where mainstream German celebrities like Sarah Bosetti were literally describing us as the inessential “appendix” in the body of the nation, quoting an infamous Nazi almost verbatim.

And then there’s the whole “vaccination” business. The Commission will certainly want to inquire into that. They will probably want to start their inquiry with Karl Lauterbach, and determine exactly how he accidentally lied to the public, over and over, and over again …

And whipped people up into a mass hysteria over “KILLER VARIANTS” …

And “LONG COVID BRAIN ATTACKS” …

And how “THE UNVACCINATED ARE HOLDING THE WHOLE COUNTRY HOSTAGE, SO WE NEED TO FORCIBLY VACCINATE EVERYONE!”

And so on. I could go on with this all day, but it will be much easier to just refer you, and the Commission, to this documentary film by Aya Velázquez. Non-German readers may want to skip to the second half, unless they’re interested in the German “Corona Expert Council” …

Look, the point is, everybody makes “mistakes,” especially during a “state of emergency,” or a war, or some other type of global “crisis.” At least we can always count on the Germans to step up and take responsibility for theirs, and not claim that they didn’t know what was happening, or that they were “just following orders,” or that “the science changed.”

Plus, all this Covid stuff is ancient history, and, as Olaf, an editor at Der Spiegel, reminds us, it’s time to put the “The Divisive Pandemic” behind us …

… and click heels, and heil the New Normal Democracy!

Tyler Durden Sat, 03/16/2024 - 23:20

Read More

Continue Reading

Government

Harvard Medical School Professor Was Fired Over Not Getting COVID Vaccine

Harvard Medical School Professor Was Fired Over Not Getting COVID Vaccine

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

A…

Published

on

Harvard Medical School Professor Was Fired Over Not Getting COVID Vaccine

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

A Harvard Medical School professor who refused to get a COVID-19 vaccine has been terminated, according to documents reviewed by The Epoch Times.

Martin Kulldorff, epidemiologist and statistician, at his home in Ashford, Conn., on Feb. 11, 2022. (Samira Bouaou/The Epoch Times)

Martin Kulldorff, an epidemiologist, was fired by Mass General Brigham in November 2021 over noncompliance with the hospital’s COVID-19 vaccine mandate after his requests for exemptions from the mandate were denied, according to one document. Mr. Kulldorff was also placed on leave by Harvard Medical School (HMS) because his appointment as professor of medicine there “depends upon” holding a position at the hospital, another document stated.

Mr. Kulldorff asked HMS in late 2023 how he could return to his position and was told he was being fired.

You would need to hold an eligible appointment with a Harvard-affiliated institution for your HMS academic appointment to continue,” Dr. Grace Huang, dean for faculty affairs, told the epidemiologist and biostatistician.

She said the lack of an appointment, combined with college rules that cap leaves of absence at two years, meant he was being terminated.

Mr. Kulldorff disclosed the firing for the first time this month.

“While I can’t comment on the specifics due to employment confidentiality protections that preclude us from doing so, I can confirm that his employment agreement was terminated November 10, 2021,” a spokesperson for Brigham and Women’s Hospital told The Epoch Times via email.

Mass General Brigham granted just 234 exemption requests out of 2,402 received, according to court filings in an ongoing case that alleges discrimination.

The hospital said previously, “We received a number of exemption requests, and each request was carefully considered by a knowledgeable team of reviewers.

A lot of other people received exemptions, but I did not,” Mr. Kulldorff told The Epoch Times.

Mr. Kulldorff was originally hired by HMS but switched departments in 2015 to work at the Department of Medicine at Brigham and Women’s Hospital, which is part of Mass General Brigham and affiliated with HMS.

Harvard Medical School has affiliation agreements with several Boston hospitals which it neither owns nor operationally controls,” an HMS spokesperson told The Epoch Times in an email. “Hospital-based faculty, such as Mr. Kulldorff, are employed by one of the affiliates, not by HMS, and require an active hospital appointment to maintain an academic appointment at Harvard Medical School.”

HMS confirmed that some faculty, who are tenured or on the tenure track, do not require hospital appointments.

Natural Immunity

Before the COVID-19 vaccines became available, Mr. Kulldorff contracted COVID-19. He was hospitalized but eventually recovered.

That gave him a form of protection known as natural immunity. According to a number of studies, including papers from the U.S. Centers for Disease Control and Prevention, natural immunity is better than the protection bestowed by vaccines.

Other studies have found that people with natural immunity face a higher risk of problems after vaccination.

Mr. Kulldorff expressed his concerns about receiving a vaccine in his request for a medical exemption, pointing out a lack of data for vaccinating people who suffer from the same issue he does.

I already had superior infection-acquired immunity; and it was risky to vaccinate me without proper efficacy and safety studies on patients with my type of immune deficiency,” Mr. Kulldorff wrote in an essay.

In his request for a religious exemption, he highlighted an Israel study that was among the first to compare protection after infection to protection after vaccination. Researchers found that the vaccinated had less protection than the naturally immune.

“Having had COVID disease, I have stronger longer lasting immunity than those vaccinated (Gazit et al). Lacking scientific rationale, vaccine mandates are religious dogma, and I request a religious exemption from COVID vaccination,” he wrote.

Both requests were denied.

Mr. Kulldorff is still unvaccinated.

“I had COVID. I had it badly. So I have infection-acquired immunity. So I don’t need the vaccine,” he told The Epoch Times.

Dissenting Voice

Mr. Kulldorff has been a prominent dissenting voice during the COVID-19 pandemic, countering messaging from the government and many doctors that the COVID-19 vaccines were needed, regardless of prior infection.

He spoke out in an op-ed in April 2021, for instance, against requiring people to provide proof of vaccination to attend shows, go to school, and visit restaurants.

The idea that everybody needs to be vaccinated is as scientifically baseless as the idea that nobody does. Covid vaccines are essential for older, high-risk people and their caretakers and advisable for many others. But those who’ve been infected are already immune,” he wrote at the time.

Mr. Kulldorff later co-authored the Great Barrington Declaration, which called for focused protection of people at high risk while removing restrictions for younger, healthy people.

Harsh restrictions such as school closures “will cause irreparable damage” if not lifted, the declaration stated.

The declaration drew criticism from Dr. Anthony Fauci, head of the National Institute of Allergy and Infectious Diseases, and Dr. Rochelle Walensky, who became the head of the CDC, among others.

In a competing document, Dr. Walensky and others said that “relying upon immunity from natural infections for COVID-19 is flawed” and that “uncontrolled transmission in younger people risks significant morbidity(3) and mortality across the whole population.”

“Those who are pushing these vaccine mandates and vaccine passports—vaccine fanatics, I would call them—to me they have done much more damage during this one year than the anti-vaxxers have done in two decades,” Mr. Kulldorff later said in an EpochTV interview. “I would even say that these vaccine fanatics, they are the biggest anti-vaxxers that we have right now. They’re doing so much more damage to vaccine confidence than anybody else.

Surveys indicate that people have less trust now in the CDC and other health institutions than before the pandemic, and data from the CDC and elsewhere show that fewer people are receiving the new COVID-19 vaccines and other shots.

Support

The disclosure that Mr. Kulldorff was fired drew criticism of Harvard and support for Mr. Kulldorff.

The termination “is a massive and incomprehensible injustice,” Dr. Aaron Kheriaty, an ethics expert who was fired from the University of California–Irvine School of Medicine for not getting a COVID-19 vaccine because he had natural immunity, said on X.

The academy is full of people who declined vaccines—mostly with dubious exemptions—and yet Harvard fires the one professor who happens to speak out against government policies.” Dr. Vinay Prasad, an epidemiologist at the University of California–San Francisco, wrote in a blog post. “It looks like Harvard has weaponized its policies and selectively enforces them.”

A petition to reinstate Mr. Kulldorff has garnered more than 1,800 signatures.

Some other doctors said the decision to let Mr. Kulldorff go was correct.

“Actions have consequence,” Dr. Alastair McAlpine, a Canadian doctor, wrote on X. He said Mr. Kulldorff had “publicly undermine[d] public health.”

Tyler Durden Sat, 03/16/2024 - 21:00

Read More

Continue Reading

International

“Extreme Events”: US Cancer Deaths Spiked In 2021 And 2022 In “Large Excess Over Trend”

"Extreme Events": US Cancer Deaths Spiked In 2021 And 2022 In "Large Excess Over Trend"

Cancer deaths in the United States spiked in 2021…

Published

on

"Extreme Events": US Cancer Deaths Spiked In 2021 And 2022 In "Large Excess Over Trend"

Cancer deaths in the United States spiked in 2021 and 2022 among 15-44 year-olds "in large excess over trend," marking jumps of 5.6% and 7.9% respectively vs. a rise of 1.7% in 2020, according to a new preprint study from deep-dive research firm, Phinance Technologies.

Algeria, Carlos et. al "US -Death Trends for Neoplasms ICD codes: C00-D48, Ages 15-44", ResearchGate, March. 2024 P. 7

Extreme Events

The report, which relies on data from the CDC, paints a troubling picture.

"We show a rise in excess mortality from neoplasms reported as underlying cause of death, which started in 2020 (1.7%) and accelerated substantially in 2021 (5.6%) and 2022 (7.9%). The increase in excess mortality in both 2021 (Z-score of 11.8) and 2022 (Z-score of 16.5) are highly statistically significant (extreme events)," according to the authors.

That said, co-author, David Wiseman, PhD (who has 86 publications to his name), leaves the cause an open question - suggesting it could either be a "novel phenomenon," Covid-19, or the Covid-19 vaccine.

"The results indicate that from 2021 a novel phenomenon leading to increased neoplasm deaths appears to be present in individuals aged 15 to 44 in the US," reads the report.

The authors suggest that the cause may be the result of "an unexpected rise in the incidence of rapidly growing fatal cancers," and/or "a reduction in survival in existing cancer cases."

They also address the possibility that "access to utilization of cancer screening and treatment" may be a factor - the notion that pandemic-era lockdowns resulted in fewer visits to the doctor. Also noted is that "Cancers tend to be slowly-developing diseases with remarkably stable death rates and only small variations over time," which makes "any temporal association between a possible explanatory factor (such as COVID-19, the novel COVID-19 vaccines, or other factor(s)) difficult to establish."

That said, a ZeroHedge review of the CDC data reveals that it does not provide information on duration of illness prior to death - so while it's not mentioned in the preprint, it can't rule out so-called 'turbo cancers' - reportedly rapidly developing cancers, the existence of which has been largely anecdotal (and widely refuted by the usual suspects).

While the Phinance report is extremely careful not to draw conclusions, researcher "Ethical Skeptic" kicked the barn door open in a Thursday post on X - showing a strong correlation between "cancer incidence & mortality" coinciding with the rollout of the Covid mRNA vaccine.

Phinance principal Ed Dowd commented on the post, noting that "Cancer is suddenly an accelerating growth industry!"

Continued:

Bottom line - hard data is showing alarming trends, which the CDC and other agencies have a requirement to explore and answer truthfully - and people are asking #WhereIsTheCDC.

We aren't holding our breath.

Wiseman, meanwhile, points out that Pfizer and several other companies are making "significant investments in cancer drugs, post COVID."

Phinance

We've featured several of Phinance's self-funded deep dives into pandemic data that nobody else is doing. If you'd like to support them, click here.

 

Tyler Durden Sat, 03/16/2024 - 16:55

Read More

Continue Reading

Trending