Biotech: Down in the Dumps While Market Has Soared
Hey Friends,
If you compared index charts like the S&P (SPX) or Nasdaq (COMPQ) to biotech index symbols like IBB or XBI at a site like Stockcharts for the past 1 year or 2 year periods, you’d see that biotech has floundered while the overall market has soared. I have some thoughts as to why this has occurred. […]