(Premium) April Health Care Outlook

The Health Care sector has been a big laggard in 2023, outperforming only the Financials year-to-date. Despite that, the sector has yet to show material weakness on an absolute basis, so there’s no reason to turn overly bearish. It’s well above last year’s lows, and it recently found support at the 161.8% retracement from the 2020 COVID collapse.

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