Biotech ETFs Still Face Headwinds

Looking ahead, in the years through 2024, spending growth is projected to average 5.8% and peak at 6.3% in 2020.

Additionally, the actuaries calculated that around 8.4 million Americans became insured in 2014 and noted their increased use of medical services. The number of people on Medicaid is projected to increase to 78.1 million by 2024, outstripping Medicare, which is expected to have 70.3 million enrolled. [Healthcare ETFs: Specialized Drugs in Greater Demand]

Adds CNCB: “”[XBI] might have a shot to regain its footing,” Gordon said Friday on “Trading Nation.” “I don’t think it’s going to lead us up in 2016, but I think some of the selling will abate.”

SPDR S&P Biotech ETF