Amid the chip bear market, healthcare is breaking out: Chart of the Day
Moderna (MRNA) stock doubled on Wednesday and stole the show. But healthcare had already been quietly breaking out for months — just as chips were sliding into a bear market. Since semiconductors peaked on June 22, the iShares Biotechnology ETF (IBB) has climbed more than 20%, and the Health Care Select Sector SPDR Fund (XLV)…