Chart of the Day: Healthcare Profits
July 9, 2022
And while this Healthcare chart represents the Large-caps in the space, I would also point you to what Biotech is doing these days.
Biotech is making new multi-month highs and leading almost all of those beat up growth areas.
Healthcare is a place we watch to focus on. And I'm not quite buying the "Safety" aspect of the sector, because there's nothing safe about Biotech stocks.
Also, I'm hearing that Healthcare is "Late Cycle". But I'm not buying that either because 10 years ago Healthcare was a leader and we were no where near being late in that cycle.
So for me, it's just brute relative strength.
And that's really powerful.
That's what I'm watching the closest right now. What about you?
Let us know!
- JC