FYI: The Health Care sector has been on an impressive run this year. While not immune from the downturn this Fall, it has recovered nicely with exceptional relative strength. We update sector relative strength charts each week in our Sector Snapshot report to compare the performance of the various sectors relative to the broader market. Heading into the final month of the year, Health Care is outperforming the S&P 500 by an enormous margin. Granted it had been in a solid uptrend since the spring, but with the S&P 500 seeing a substantial amount of red since the peak on September 20th, it comes as no surprise that investors would flock to a more defensive sector.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/health-care-going-strong/
