I think even XBI components are surprised. This is probably the
1st election cycle in the last 30 years where biotechs and pharma
weren't the brunt of withering political attacks that drove their
stock prices down until after the election. Both candidates and all
the congressional peeps now just engage in spending promise
competitions. Both presidential candidates are lifelong members of
the same party - one still there, the other is now a
"populist"...which is a whole lot like how we described the
democrat platform 15 years ago. Have to rethink market dynamics in
election years...probably to include buying XBI.
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Matt has been mentioning XBI,
Posted by steveo on 17th of Sep 2024 at 01:48 pm
Matt has been mentioning XBI, looking at the longer term and trendline in green, this looks so bullish that it seems almost like a trap, LOL
I think even XBI components
Posted by bthefnd on 17th of Sep 2024 at 01:55 pm
I think even XBI components are surprised. This is probably the 1st election cycle in the last 30 years where biotechs and pharma weren't the brunt of withering political attacks that drove their stock prices down until after the election. Both candidates and all the congressional peeps now just engage in spending promise competitions. Both presidential candidates are lifelong members of the same party - one still there, the other is now a "populist"...which is a whole lot like how we described the democrat platform 15 years ago. Have to rethink market dynamics in election years...probably to include buying XBI.