Biotech’s 30% Dip: Your Entry Point Into a Future Top Trend
Biotech stocks were once the darling of the stock market.
The SPDR Biotech Fund Index (NYSE: XBI) tracks companies focused on developing therapeutics and using genetics. The fund rose 70% from May 2020 to February 2021.
But, since February, investor sentiment in the biotech industry has cooled and prices have fallen nearly 30%.
Does this present a buy opportunity?
In today’s episode of The Bull & The Bear, Adam O’Dell, Charles Sizemore and I look at the biotech industry and give you our take on where it’s heading.
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