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 […]
Chris Verrone on Energy
Earlier this week, Chris Verrone, Head of Technical and Macro Research at Strategas, appeared on CNBC’s ‘Fast Money’ to make a contrarian call on Energy. One important factor that Chris notes is the recent strength we have seen in Crude Oil, the underlying basis to the Energy sector as a whole. The chart looks great, as […]