Macro Analyst

Jul 14, 2026 · bearish

[Biotech's recovery isn't a head fake](https://www.cnbc.com/2026/07/14/biotechs-recovery-isnt-a-head-fake-these-3-stocks-could-lead-the-next-leg-up.html) according to the headlines, but that's the exact framing that blindsided software investors.

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