By Bryan Rich
June 22, 2017, 4:15 pm EST Invest Alongside Billionaires For $297/Qtr
Healthcare was the story of the day today. With the Senate having had its go at the house healthcare bill, it goes back to the house, then back through Senate before it gets to the President’s desk.
Still, policy progression is very positive in this environment. Healthcare stocks were up big today — the IHF healthcare ETF was up over 2%. This is the ETF that tracks insurers, diagnotic and specialized treatment companies.
Most interesting, the healthcare sector has been beaten up badly since the cracks in Obamacare became clear back in 2014. But as of the past week, the healthcare sector trackers have finally broken back above those 2014 Obamacare-optimism-driven highs. With that, the divergence in this next chart of one of the biggest hospital companies in the country becomes quite an intriguing trade.