div > div.group > p:first-child"> The XLV health care sector ETF tumbled more than 4% since Monday, its worst week of the year and sending the group negative for 2019."No question that the health care sector has caught a cold," said Johnson on CNBC's"Trading Nation" on Thursday."The relative underperformance of about 950 basis points versus the S&P has been very painful over the last 30 days.
The XLV ETF, which holds companies such as Johnson & Johnson and Pfizer, ended Thursday just below $86. A move to $74 represents 14% downside from its current levels. Mark Tepper, president and CEO of Strategic Wealth Partners, says investors should hold steady in the face of increased near-term headwinds.
Democratic candidates Senators Bernie Sanders, Elizabeth Warren and Kamala Harris have voiced support for Medicare for All legislation that would provide universal health coverage, while President Donald Trump has pledged to address health care after the 2020 Presidential Election.
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TradingNation Health Insurers have seen stock prices plummet this week because investors know that doomsday is coming for the millions who work in insurance Democrats plan to eliminate all private insurance providers in their Medicare for All plans Simply facts
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Source: CNBC - 🏆 12. / 72 Read more »