Biotech Values

[linhdtu]

Hoisington Mgt believes that the current spike in interest is temporary and that LT rate will resume their long downward trend in their latest letter.

I also notice that gold is not acting correctly in that it is behaving as if Hoisington prediction will bear out.

According to this calculatedrisk blog note last Thur , I may have misread Trump spending intention :
"CR Note: The "infrastructure" proposal that many investors are focusing on is really a proposal for about $100+ billion in tax credits to spur private investment in infrastructure (I've seen some people talking about $1 trillion in infrastructure investment - but that is the projected size of the private investment, not the proposed government spending). This proposal is actually very modest in terms of a fiscal boost. More analysis to come when we see the actual proposals, but I think analysts might be overestimating the boost from government spending in 2017."
Read more at http://www.calculatedriskblog.com/#k7BMFRkZrYW9BG5s.99