RE: big drop19 Mar 2022 08:43
There is no doubt that many healthcare stocks have dropped by 30 or 40% just recently, and that world events are directly attributable for the drop.
1. US inflation and the continued denial by the FED to deal with the over inflated US markets.
2. Russian invasion of Ukraine and the economic fallout.
3. The inevitable drop down boxes of negative potential outcomes are making the markets very skittish.
In times of uncertainty, investors seek safe havens which means they sell stocks and by commodities or just hold cash. Healthcare stocks are usually first to feel the pain. Angle is not immune to this.
We have had delays awaiting FDA due to covid. However it is important to remain lucid. Don’t just look at Angle, look at all the factors that have affected the SP.