Health Care stocks have caught a bid lately relative to the rest of the market. Since mid-July, the sector has outperformed the S&P 500 by 6%.
Unfortunately for Health Care bulls, the leadership has come not because of a surge in the price of Health Care stocks, but because growth stocks have been leading the S&P 500 lower in August.
The sector is still a hot mess, much like it has been for the last year:
