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.