Biotech Values

[Biowatch]

I mentioned inflation in other sectors, e.g., food, gasoline, rising rental rates, etc., which impacts even those not looking to buy or refinance a house.

I tried to address your somewhat general question:

should [we] be using mortgage rates as an input in valuing equities?

But yes, your comment that

The average "cosmetic surgery" consumer is a high net-worth / higher income earner.

Is probably true, so ignore that specific example in my remarks.

However, some press reports stated that younger and younger people looked to mild doses of Botox as a pre-emptive strike against developing wrinkles in the future. I assume that market, if it was anything than other a minor fad, has faded.