Trump Event A Yawner – Unless You Own Biotechs

Today's "main event" turned out to be a bit of a dud. And I don't mean that as a jab at Donald Trump. Rather, I just mean that not much happened. Stocks dipped as Trump spoke, then recovered. The only tickers to take a meaningful hit were IBB (i.e. biotechs) and Lockheed Martin (whose shareholders are, I imagine, fed up with the new president already). Here's a chart that sums things up: And here's a rundown of the headlines via Bloomberg: TRUMP: ‘WE’RE GOING TO START BIDDING’ ON D