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A Tough Week for Biotech, the Candidates' Whipping Boy Again

Bret Jensen

Biotech was particularly hit hard as "Medicare for All" and other possible government intervention across the industry received more attention as we get deeper in the 2020 election cycle. Unfortunately, algorithmic trading has become part of life in the market in recent years. On any given day up to 80% of the market's overall trading volume can be driven by computer-generated program trading.