Biotechs Rally After FED Minutes-Sharp Comeback Update—- after close

Very Strange Whipsaw Day

Who is in charge of this market, humans or computers?

 

Earlier:

My biopharma screen has gone green. Maybe “taper light” scenario means buy biotech as macro and interest rates are not affected.

More later but NASDAQ reversal to up 0.44%,  XBI up 2.5%, FBT up 3.4%, PCYC up 3.3% and  GILD up 2.4%.

Mid caps pharmas up 3%.

Incyte (INCY) up 35% on pre-FED news on Phase 2 results.

 

 

 

 

 

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