I Like It

I really like the tone of the over all market and especially the large cap biotech and big pharma. There’s the perception that the economy is starting to slow down and “safe haven” stocks such as healthcare generally do well in that kind of environment. The weakness in the US dollar will also benefit these companies. The biotechs are emerging out of their recent correction and there’s been good news flow from big pharma with several drug approvals. I like everything! Simple as that… Oh, the ASCO conference just started so there should lots of market moving news over the weekend.