Frank Cappelleri breaks down the SPDR Biotech ETF.
Like so many speculative growth ETFs and stocks, the S & P SPDR Biotech ETF is nowhere close to its former all-time high from early 2021. It's currently 45% below its 2021 peak, and with the S & P 500, Nasdaq and many large cap growth indices making new all-time highs, this makes XBI stand out for all the wrong reasons. It hit a low of $61.80 on May 11, 2022, which is more than two years ago. It rallied from there but peaked three months later.
Click here for the full disclaimer.Katie Stockton on whether it's time to start worrying about the weak market breadth
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