Market Lessons This Week: Biotech Strength vs. Broader Risk

Learnings and conclusions from this week’s charts:

Bitcoin is off about -25%, a bearish omen for tech stocks.

Listed private equity is down -13%, another bearish omen.

Valuations and positioning are at historical extremes.

(but there’s good relative & absolute value in foreign/value stocks)

Biotech is breaking out, healthcare relative performance is turning up.

Overall, there’s perhaps too many sick-looking canaries in the coalmine for comfort at the moment; especially when you consider the valuation backdrop. But one issue with extreme valuations is how to practically factor that aspect in. The new “Portfolio Strategy Notes” section at the end offers some pragmatic perspectives on this…

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Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD 5000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Click to access the activity

Other helpful links:

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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But one issue with extreme valuations is how to practically factor that aspect in. The new “Portfolio Strategy Notes” section at the end offers some pragmatic perspectives on this…</p><h2 id=\"id_2889468570\" style=\"text-align: left;\"><span class=\"color-mark\" style=\"color: rgb(230, 126, 35);\">For SG users only, a tool to boost your purchasing power and trading ideas with a Cash Boost Account!</span></h2><p style=\"text-align: start;\">Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.</p><blockquote><p>Complete your first Cash Boost Account trade with a trade amount of ≥ SGD 5000* to get <strong>SGD 688 stock vouchers</strong>*! The trade can be executed using any payment type available under the Cash Boost Account:<strong> Cash, CPF, SRS, or CDP.</strong></p><p><a href=\"https://ttm.financial/link?target=https%3A%2F%2Fsg.tigermarketw.com%2Factivity2%2Fmarket%2F2025%2Fcontra-invitation%3Flang%3Den_US%26useAnimation%3Dtrue\" title=\"Click to access the activity\" target=\"_blank\" class=\"\">Click to access the activity</a></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/62e040c4d73c741662d709873cd4f330\" tg-width=\"1035\" tg-height=\"250\"></p></blockquote><p style=\"text-align: start;\"><strong>Other helpful links:</strong></p><ul style=\"list-style-type: disc;\"><li><p><a href=\"https://ttm.financial/TW/367769452580952\" title=\"💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉\" class=\"\">💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉</a></p></li><li><p><a href=\"https://www.itiger.com/sg/help/detail/06324754?_sasdk=fNDE0MTg2NzAwNTE0OTk2Mg\" title=\"How to open a CBA.\" class=\"\">How to open a CBA.</a> <a href=\"https://www.itiger.com/sg/help/detail/how-to-link-CDP?_sasdk=fNDE0MTg2NzAwNTE0OTk2Mg\" title=\"How to link your CDP account.\" class=\"\">How to link your CDP account.</a> <a href=\"https://www.itiger.com/sg/help/detail/contra-faq?_sasdk=fNDE0MTg2NzAwNTE0OTk2Mg\" title=\"Other FAQs on CBA.\" class=\"\">Other FAQs on CBA.</a> <a href=\"https://www.itiger.com/sg/invest/cash-boost\" title=\"Cash Boost Account Website.\" class=\"\">Cash Boost Account Website.</a></p></li></ul><p><img src=\"https://community-static.tradeup.com/news/0c1f52f0ec3a2f13f04e1a6a1b8cfcc6\"></p></body></html>","htmlText":"<html><head></head><body><h2 id=\"id_842750852\">Learnings and conclusions from this week’s charts:</h2><p>Bitcoin is off about -25%, a bearish omen for tech stocks.</p><p>Listed private equity is down -13%, another bearish omen.</p><p>Valuations and positioning are at historical extremes.</p><p>(but there’s good relative &amp; absolute value in foreign/value stocks)</p><p>Biotech is breaking out, healthcare relative performance is turning up.</p><p>Overall, there’s perhaps too many sick-looking canaries in the coalmine for comfort at the moment; especially when you consider the valuation backdrop. But one issue with extreme valuations is how to practically factor that aspect in. The new “Portfolio Strategy Notes” section at the end offers some pragmatic perspectives on this…</p><h2 id=\"id_2889468570\" style=\"text-align: left;\"><span class=\"color-mark\" style=\"color: rgb(230, 126, 35);\">For SG users only, a tool to boost your purchasing power and trading ideas with a Cash Boost Account!</span></h2><p style=\"text-align: start;\">Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.</p><blockquote><p>Complete your first Cash Boost Account trade with a trade amount of ≥ SGD 5000* to get <strong>SGD 688 stock vouchers</strong>*! The trade can be executed using any payment type available under the Cash Boost Account:<strong> Cash, CPF, SRS, or CDP.</strong></p><p><a href=\"https://ttm.financial/link?target=https%3A%2F%2Fsg.tigermarketw.com%2Factivity2%2Fmarket%2F2025%2Fcontra-invitation%3Flang%3Den_US%26useAnimation%3Dtrue\" title=\"Click to access the activity\" target=\"_blank\" class=\"\">Click to access the activity</a></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/62e040c4d73c741662d709873cd4f330\" tg-width=\"1035\" tg-height=\"250\"></p></blockquote><p style=\"text-align: start;\"><strong>Other helpful links:</strong></p><ul style=\"list-style-type: disc;\"><li><p><a href=\"https://ttm.financial/TW/367769452580952\" title=\"💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉\" class=\"\">💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉</a></p></li><li><p><a href=\"https://www.itiger.com/sg/help/detail/06324754?_sasdk=fNDE0MTg2NzAwNTE0OTk2Mg\" title=\"How to open a CBA.\" class=\"\">How to open a CBA.</a> <a href=\"https://www.itiger.com/sg/help/detail/how-to-link-CDP?_sasdk=fNDE0MTg2NzAwNTE0OTk2Mg\" title=\"How to link your CDP account.\" class=\"\">How to link your CDP account.</a> <a href=\"https://www.itiger.com/sg/help/detail/contra-faq?_sasdk=fNDE0MTg2NzAwNTE0OTk2Mg\" title=\"Other FAQs on CBA.\" class=\"\">Other FAQs on CBA.</a> <a href=\"https://www.itiger.com/sg/invest/cash-boost\" title=\"Cash Boost Account Website.\" class=\"\">Cash Boost Account Website.</a></p></li></ul><p><img src=\"https://community-static.tradeup.com/news/0c1f52f0ec3a2f13f04e1a6a1b8cfcc6\"></p></body></html>","text":"Learnings and conclusions from this week’s charts: Bitcoin is off about -25%, a bearish omen for tech stocks. Listed private equity is down -13%, another bearish omen. Valuations and positioning are at historical extremes. (but there’s good relative & absolute value in foreign/value stocks) Biotech is breaking out, healthcare relative performance is turning up. Overall, there’s perhaps too many sick-looking canaries in the coalmine for comfort at the moment; especially when you consider the valuation backdrop. But one issue with extreme valuations is how to practically factor that aspect in. The new “Portfolio Strategy Notes” section at the end offers some pragmatic perspectives on this… For SG users only, a tool to boost your purchasing power and trading ideas with a Cash Boost Account! Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here. Complete your first Cash Boost Account trade with a trade amount of ≥ SGD 5000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP. Click to access the activity Other helpful links: 💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉 How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.","highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/501041674240776","repostId":0,"isVote":1,"tweetType":1,"viewCount":286,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1192,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/501041674240776"}