Excerpt from MarketWatch quoting DataTrek’s Nick Colas:
…. “In fact, according to numerous reports including one recently from Business Insider, healthcare is the only sector in the S&P 500 with double-digit gains this year. With its 11.1% gain this year, the sector is the only group in the S&P 500 to boast double-digit gains in 2018, outperforming other winners like utilities and consumer discretionary.
“Growth-oriented managers have to go somewhere when they sell their Tech holdings. Not many other sectors offer reliable growth,” said Nicholas Colas, co-founder of DataTrek Research, in a note to clients on Thursday”….
Read the full article here on MarketWatch!