The S&P 500 is off -5.4% YTD, and the Nasdaq Comp is -8.8% YTD. The healthcare and biotech sectors are holding up well. IHF (Healthcare Providers) is flat ytd, as is PBE (Biotech). What does this mean? It means investors who must hold equities have been rotating into defensive sectors. However, bear markets have a nasty way of crunching most, if not all stocks and sectors. The chart of IHF is OK for now, but worth watching extremely closely.
Lastly, anyone really know where the saying, "You can run, but you can't hide" came from?
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