Healthcare and biopharma show nice gains in a volatile week.

If the nearest support zone withstands the selling pressure, we can see one more attempt to go north before the next move to the downside.

The last time the market disconnected from the Fed’s “gradual” message was in April when markets swiftly dropped 4-5%.

This morning the non-manufacturing index bounced back from contractionary levels in June, with the headline index increasing from 48.8 to 51.4, and the new orders subindex increasing from 47.3 to 52.4.