1 No-Brainer Growth Stock to Buy Now
Biotech was one of the best-performing industries from 2012 to 2022. The iShares Biotechnology ETF and the SPDR S&P Biotech ETF markedly outperformed the S&P 500 over this period, thanks to an innovation boom spearheaded by the human genome project and ultralow interest rates.
However, in 2022, a pivotal moment occurred when the Federal Reserve shifted its stance on interest rates. As a result of the central bank's decision to ratchet up rates, biotech stocks experienced a sharp decline almost across the board, plunging the industry into a bear market.
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Source Fool.com
