Adding Exposure to Biotech
Consider that XLV is currently only 3.5% below its February 19 peak close. The next two, Consumer Staples Select Sector SPDR (NYSE: XLP) and Technology Select Sector SPDR Fund (NYSE: XLK), are still down around 10% … and the rest of the major U.S. sectors are down in the teens and 20s. And then there’s the energy sector, which is still more than 30% off since the February 19 broad-market peak.
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