Healthcare stocks are surging: The Healthcare sector has outperformed the Technology sector by +35.6 percentage points over the last 6 months, its largest 6-month rolling outperformance in 25 years. Healthcare stocks have rallied +31.7% over this period, while technology stocks have declined -3.9%. This marks a sharp reversal from the +45.6-percentage-point outperformance of Technology stocks recorded in early June. This century, only the period following the 2000 Dot-Com Bubble burst saw greater Healthcare outperformance. By comparison, during the 2008 Financial Crisis and the 2022 bear market, Healthcare outperformed Technology by +22.9 and +21.2 percentage points, respectively. Keep watching healthcare stocks.

Healthcare friends! If you're going to HLTH this year we're hosting a mega happy hour (500 people) with Zus Health, Junction, and Vim. We'd love to see you there. RSVP here 👇

Healthcare earnings on Tuesday, Oct 13 before the US open: $JNJ: $25.38B revenue expected (+5.8% YoY), $2.50 adj. EPS (−10.7% YoY). $UNH: $111.31B revenue expected (−1.6% YoY), $4.14 adj. EPS (+41.8% YoY). Trade both on Rialto ✤