The Healthcare SPDR, XLV is going up, joining the early moving IHI (like Semi in early 2016, I’ve felt like a lone voice extolling Medical Devices since the middle of last year) and the late moving IBB.
Here’s a weekly multi-panel view of the 3 Amigos.
As noted repeatedly in NFTRH, Healthcare is an area of out performance during economic soft patches. This is not based on something I read. It is based on what I lived for cycle after cycle out there in the real economy. I am long XLV, ABBV and GILD and always watching individual Device companies.
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