Irrational exuberance to not-so-irrational correction. This is what would describe the journey of the stock market in the last six months.
But now, sections of the market are getting into an irrational reaction to news. Just to put this in perspective: When news of reciprocal tariffs came in, there was a largescale panic reaction in pharma stocks.
This should have not happened. The reality is that the chances of tariffs being imposed on pharma
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