Wednesday, April 17, 2019

This Morning's 2nd Log Entry

Forgot to touch on the health care sector earlier...

Clearly, health care stocks are doing a number on the major averages of late.

The fact that they’re taking such a hit on a proposal (“Medicare for all”) that is at best a long shot simply speaks to the underlying broader angst that presently grips the market. Without that prevailing angst, I don’t suspect traders would be so quick to abandon even the health care sector, given the otherwise presently strong market internals.

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