Epoch 19 - Biotech Bottom?

The Public Market BloodBath Continues

Hello Avatar!  Welcome to another week of biotech analysis.  At this point the down action is getting ridiculous - do assets no longer hold any value?   After a brutal -7% day on Wednesday for XBI one has to think there is a bottom in site (down -20% for the week!!!).  Unfortunately we do not see a clear catalyst for a bounce given the macro backdrop. W…