Big pharma stocks near all-time highs as tech selloff pushes investors toward safer bets

RIGHT SO PICTURE THIS: INVESTORS ARE ABSOLUTELY LOSING THEIR MINDS OVER THIS TECH SELLOFF AND THEY ARE LITERALLY RUNNING AWAY SCARED TO PHARMA STOCKS WHICH IS WILD BECAUSE EVERYONE IS FLEEING THE VOLATILITY. SO NOW WE HAVE COMPANIES LIKE ABBVIE AND ELI LILLY AND GILEAD SCIENCES SITTING PRETTY AT OR NEAR ALL-TIME RECORD HIGHS BECAUSE APPARENTLY THEY ARE CONSIDERED THE SAFE BETS NOW WHILE TECH IS JUST BLEEDING CASH EVERYWHERE YOU LOOK. THE MARKET IS SHIFTING HARD AND PEOPLE ARE DESPERATE FOR STABILITY SO THEY ARE POURING MONEY INTO THESE DRUG GIANTS BUT I HONESTLY HAVE NO CLUE IF THEY WILL STAY HIGH OR JUST CRASH TOMORROW LIKE EVERYTHING ELSE DOES IN THIS CRAZY ECONOMY. I AM LOSING MY MIND TRYING TO TRACK THESE FLUCTUATIONS AND OK I AM GOING TO GO SHOUT AT A WALL.

LOOK I KNOW I SAY THIS A LOT BUT FINANCE PEOPLE ARE PANICKING ABOUT THE TECH SELLOFF SO THEY ARE TREATING BIG PHARMA STOCKS LIKE A LIFE RAFT IN THE MIDDLE OF THE OCEAN. IT IS ABSOLUTELY BONKERS THAT ABBVIE, ELI LILLY, AND GILEAD SCIENCES ARE HITTING RECORD HIGHS RIGHT NOW WHILE THE TECH SECTOR IS HAVING A TOTAL MELTDOWN WHICH IS WILD BECAUSE YOU WOULD THINK MEDICINE WOULD BE A BORING PLAY BUT IT IS SUDDENLY THE HOTTEST THING ON THE EXCHANGE. INVESTORS ARE JUST DESPERATELY SHIFTING THEIR PORTFOLIOS BECAUSE THEY ARE TERRIFIED OF LOSING MORE MONEY ELSEWHERE AND NOW THESE PHARMA GIANTS ARE THE ONES WINNING BIG IN THIS MASSIVE REALLOCATION OF CAPITAL. IT IS A WILD TIME TO BE WATCHING THE TICKER TAPE AND ANYWAY THIS SONG IS ACTUALLY MY FAVOURITE.

Big pharma companies including AbbVie, Eli Lilly, and Gilead Sciences are reaching record stock highs as investors move money away from the volatile tech sector.

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