Welcome to 2 Question Tuesday. Phil and Mike revisit their opinion on Bitcoin after the recent decline and breakout in volatility. They also provide their outlook for biotech stocks in the second half of the year after the sectors essentially flat performance, despite recent positive data, in the first half of 2021. This week’s client submitted questions were:

1. Can you talk about the volatility with bitcoin?
2. Why are biotech stocks flat on the year?

Submit your questions to jmccarthy@focusedwealthmgmt.com

As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.