Eli Lilly managed to stay green on a day the entire pharmaceutical sector got liquidated. Not by much. Not in a way that suggests institutional conviction. Just enough to make retail traders think they picked the right horse.
They didn't.
The Investing Club released their Homestretch update to tell subscribers that Lilly "persevered" which is what you call it when a stock goes nowhere while its peers drop three percent. Perseverance used to mean something. Now it means you didn't lose as much money as the guy next to you. Inspiring stuff.
Boeing delivered some planes. Not all the planes they were supposed to deliver. Not the right mix of planes. A mixed delivery report which is corporate speak for we're still f*cked but marginally less f*cked than last quarter. The stock chart looks like an EKG for a patient who keeps coding and getting shocked back to life by increasingly exhausted nurses.
Drug stocks got hammered across the board for reasons that will be explained by seventeen different narratives depending on which newsletter you overpaid for. Regulatory concerns. Margin compression. Profit-taking. Sector rotation. All of them wrong. All of them confident. The real reason is someone with actual money decided to sell and you got to watch your portfolio bleed out in real-time while waiting for the Homestretch email to tell you it's still a buying opportunity.
Lilly held the line. Boeing delivered some metal tubes with wings. Drug stocks ate shit. And somewhere a technical analyst looked at the five-minute chart and knew none of this mattered yesterday and it won't matter tomorrow. But the Investing Club needed content for the last hour of trading so here we are.
Perseverance is just another word for not losing fast enough to notice.
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