When in a late cycle environment (today and much of 2021), what should start outperforming? Utilities, energy, and health care. What's breakingout today, finally? Health care! $XLV pic.twitter.com/CllkJtjQhd — RenMac: Renaissance Macro Research (@RenMacLLC) April 7, 2022 Todayβs Chart of the Day was shared by Renaissance Macro Research (@RenMacLLC). It’s a chart of the Health […]
The Bloodbath in Healthcare
The Healthcare sector is a hot mess right now. It’s by far the worst performing S&P 500 sector YTD and is trading below both its 50 and 200-day moving averages. As you can see in the chart below, the Healthcare Sector SPDR ETF, $XLV has dipped into negative territory on the year while most of […]