Epoch 18 - Biotech Rug Pull

A bounce appeared in store...not so fast!

Hello Avatar!  Welcome to another week of biotech analysis. If the week ended today somehow XBI would be positive despite being down >6% on Thursday. We will see how things go on Friday. The macro-economic picture has not improved much with now familiar headwinds continuing to dominate the headlines: inflation, lack of growth, weakness in the jobs mar…