The Traderszone Network

Published in TZ Latest News 2 December, 2016 by The TZ Newswire Staff

Biotechs Look Dangerous Again As Trump Rally Fades

Biotech ETFs were initially among the biggest winners of Donald Trump’s surprise election win last month, but the early euphoria has now turned to a massive sell-off once again.

Just take a look at the three-month chart for the iShares NASDAQ Biotechnology Index ETF (NASDAQ:IBB), which is the largest biotech-focused fund with nearly $8 billion in assets under management:

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