Biotech stocks have been abysmal this year. My favorite long term healthcare stock, GILD, has done nothing, slightly lower for the year. But the smaller companies in the space are down like Bill Ackman was clamoring for a board seat. It’s been tough.
However, over the past two days the sector has stridently moved higher, to the tune of almost 4%. Even still, losses are in the double digits for 2016, making it by far the worst sector to be long for the year.
Here are some charts of the prnciple sectors of the market, represented by ETFs.
I still think the crude rally is transient and am short XLE.
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That Iranian story was hilarious.
HAR DE HAR HAR HAR HARRRRRR!!!
WTF they think they can just walk back into the community of nations?
They came into my round table with grievous poop on their shoes – ENTRY DENIED.
They are trying to buy the Aussie and commodities too?? Looks all Technical trying to retest recent highs a few days ago. Central Banks trying to walk it back, Even RBA Stevens was out last night trying to weaken the Aussie after Draghi/Kuroda/Yellen attack. Markit PMI FLASH Manuf Data missed estimates last night. No reason to buy this mess at all, but those algo trading systems will try.
XBI gets no love