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TCRT-PGEN Fundamental & Technical Discussion Board
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Re: PAAS stock market weekly update video- out of over 100 asset classes that are ranked for leadership characteristics, biotech not even in the top half. Lots of emerging markets in the top 10“Biotech not even in the top half” “Lots of emerging markets in the top 10” Emerging markets got killed doubly over their twin exposure to BOTH barrels of the risk off panic: 1-Hawkish Fed policy and rhetoric by a rookie chairman raising rate expectations and strengthening the dollar which negatively impacts their terms of trade as they are major exporters. 2-Hawkish trade war rhetoric AND actions by the POTUS. Your source AND the market sensing the worst is over and BOTH the Fed and POTUS leaning in a much more positive direction. On the biotech front think news trumps(no pun intended) general sector calls all day every day. Of course the catalysts must get realized but if/when they do we fly irrespective of less than bullish sector calls Thanks Mark |
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