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IBB - JPMorgan Surges: Expecting New Highs (And Liking The Sector)
iShares Biotechnology ETF
Banking and finance (XLF) comprises some strange business. In some ways they are the opposite of biotech (IBB), on which I comment from time to time. In biotech, a powerhouse such as Amgen (AMGN) works for 10-20 years to develop a product, which may never be commercialized. If it does reach the market, it may be a huge success such as denosumab (Prolia/XGEVA), a dud such as Repatha (so far), or a product with an unanticipated black box warning such as Evenity. In the prototype of finance, banking, a