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NASDAQ:IBB
An example of a sector that has been considered to be expensive for the better part of 3-4 years. Not sure of their specific holdings but would imagine they have Biogenic, Biodex, Celgene, etc. This is an example of something he continues to own but doesn’t pretend to know enough about some of their individual companies. A perfect example of companies that you would want to own inside an ETF structure. Thinks it continues to go higher.
Chart shows the trend is upward. Outperforming the market and above its 20 day moving average. Everything looks great on a technical basis. Seasonally, this usually does very well from around the latter part of June right through until September. A lot of this positive movement has to do with a series of healthcare conferences, which are held where biotech companies announce new results and new research.