We hope everyone is enjoying sometime downtime over the holidays. The Santa Claus rally may seem like old news at this point, but it is a real seasonal influence that tends to stay with the market through the first two days of the New Year. In following, a significant pullback does not look imminent in our work.
Idea of the Week
Biotech stocks have collectively seen long-term momentum improve in a notable shift after having underperformed since early 2021. Today, we sourced the biotech sector for our latest long idea, and while many names appear a bit overstretched, we found one with a new technical catalyst.
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