From Brett Eversole, Analyst, True Wealth Systems:
U.S. stocks are only a few points away from new all-time highs… But not every part of the U.S. market has been thriving.
Health care stocks recently fell 12% from their August highs to their pre-election lows… hitting an eight-month low in the process.
Have they bottomed? Is it time to buy? Or is this the beginning of a major downtrend?
Let’s take a closer look and find out…
Health care stocks were falling before the election, when Hillary Clinton was expected to win.
The stock market expected things would stay “status quo” with Obamacare, and it didn’t think that would be good for health care companies’ profits.
Then, the election result surprised the markets. Trump was elected, and the sector soared.
So where do we go from here?
History says more gains are likely. Specifically, double-digit gains are possible over the next