biotech stocks
2 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Oct 6, 2022 by Andy Acker · across every show →
Everything said about biotech stocks, oldest first
Oct 6, 2022 neutral
Acker: Biotech experienced eleven bear markets of over 20% since 2006
“Back when the SMP select biotech index and the XBI, which is an ETF that tracks that broad biotech index that was created back in 2006. So about 16 years ago, since that time before the recent bear market, and we'll get to that, but there were 11 effectively b…”
Oct 6, 2022 bearish
Acker: Biotech stocks fell 64% absolute and 75% relative in 2021-2022
“Between February of 2021 and June of 2022, we had one of the worst bear markets in biotech sector in history. So on an absolute basis, these stocks declined 64% and relative to the health care sector, they traded down about 75%.”