Biotechnology has not been something you’ve been hearing me pound the table about for a long time. I was a huge Biotech bull in 2015, but this has not been something we’ve wanted to be involved with much since. The biggest reason is for the dramatic under-performance. The winning areas have been in Technology, Industrials and Financials, not Biotechnology. If we’ve wanted to be in healthcare at all it’s been in the Medical Device and Equipment stocks, not Pharma or Biotech.
It’s 2018 now and things are changing; sectors are rotating. We’re seeing strength in Energy, Materials and really just Natural Resources in general. Canada and Australia breaking out finally points to strength in that area as well.
Today we’re going to talk specifically about Biotechnology and if/where we want to be involved.