Business

Biotech Is The Rate Cut Trade In Disguise

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Guido Mieth/DigitalVision via Getty Images

A week ago, I wrote that leadership had left the mega-cap “generals” and split into two baskets: semiconductors (velocity) and regional banks (breadth). That’s still true. But the dashboard has been quietly flagging a third group climbing the leaderboard, and this week it’s undeniable: biotech

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