" on Monday. "Health care, in my opinion, is the most bloated, the most bureaucratic, the most inefficient sector of the economy. At 20% of the GDP and at $20,000 premium per capita at this point, they pretty much have squeezed all the rentier profits out of the system that they can at this point."XLV health care ETF
has fallen more than 3% in the past three months as Democratic presidential candidates such as Elizabeth Warren have pushed for a "Medicare For All" solution. "Even if the Democrats do not win, there's going to be tremendous amount of pressure to cut costs, control drug prices," said Schlossberg. "Any way you slice it, basically the sector is a 'sell the rally' trade at this point. Any time you have a pop in the sector, it's going to be a sell for quite a long time."pledged health-care reform. At its worst, the XLV ETF plummeted 11% in the third quarter of 2015.does not see that degree of decline this time around.
"I don't think it'll be anywhere near as bad as it was four years ago because the setup is much, much different. In the 12 months leading into the summer before the election year the last time around, the XLV had outperformed the S&P by two times," said Maley on "Trading Nation" on Monday. "This group had become very overbought, and very over-owned."before beginning its breakdown in April.
"I don't think you'll have that forced selling or at least that reweighting that you had going forward. So even though I think it's a problem, it's not as big a problem," said Maley.
TradingNation DEAR CNBC; U FORGOT 2 NAME THAT 'LOSING STREAK' IT'S CALLED THE: 'T-R-U-M-P'-HEALTH CARE LOSING STREAK‼️‼️🤬. NAME IT FOR WHAT IT IS‼️🤬🤬💔
TradingNation All this because of election looming
TradingNation Our perspective on the pharmaceutical companies. Link:
TradingNation Dayum, really?