Episode 54
Biotech Hangout
00:00
The Fed's Softening Tone to Stabilize Interest Rates
The last time we were here was 2008 and Lehman and Bear's Bear Stearns went under interest rates are high. The risk off trade is in play and unfortunately, biotech's middle name is risk. Not necessarily surprising to see the macro issues way on our sector. If they're encouraging signs of inflation is moderating, the Fed is starting to soften its tone to at least stabilize interest rates.
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