China and trade seemed to be fading into the background potentially setting this week up for a decline of the highly correlated macro markets but Iran and the Middle East.

We remain in a macro driven market even as the ASCO abstracts dropped this week. There were some interesting data that came out of the abstracts but certainly nothing so.

Well, yesterday ending up being a good day with the XBI eventually following the individual stocks but this continues to be a highly correlated macro market. The broader market seems.

I am not sure who had a more difficult day yesterday. You all for having to watch another market meltdown over China fears (and others) or me who had to.

Macro seems to once again dominate the trading with both Iran and China increasing the risk and both North Korea and Venezuela just below the surface. The odds remain that.

A good day for the sector despite a relatively bad day for the market. This is a rare occurrence for the sector to outperform (at least recently). One day does.