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Chart of the Day

Five charts to start the week

I thought it might be useful to star the week with a look at trends and possible inflections in a number of major markets. Here's a quick look at stocks, biotechs, Treasury futures, and crude oil. Bottom line: * Stocks failed to develop downward momentum. Further consolidation around current

Pullback

Biotech: buy the dip?

Short answer: probably not. The long answer is more instructive, so let's get started. Context matters, but what does that mean? What is context? In this case, the longer-term relative performance of the broad healthcare sector gives us some insight. The following chart, which I published in my