The STOXX Supersector Europe 600 Banks Index, has been in the last ten years, the worst performer index among he 19 European Supersectors group. Since January 2007 it had performed -63,23%.
In the last ten years this Supersector developed three intermediate uptrends, and the las one started one year ago. Looking to the weekly chart from 2006, we can note a first short but strong uptrend in 2009 (1), a second longer uptrend in the period 2012-2015 (2), and a last one started in mid 2016 (3).
When we want to invest in stock indices, sometimes we are very focused on large, medium or small capitalization indices. Sometimes we try to understand if it is better to invest in value stocks rather than growth stocks, and sometimes we follow only the sector indices that fundamentals indicate us more attractive for that period. But in Europe there is an index representing one of the Super Sectors of the Stoxx 600, which has always performed in an excellent way, and in the last twenty years has beaten the S&P 500 and the Stoxx 600 (see the graph below). This index is the Stoxx Europe 600 Personal & Household Goods Index.
Health-care stocks are one of the worst-performing sector in the S&P 500 so far this year, with shares down -1,87% compared with the broader index’s +13,18% gain as investors fretted about everything from Obamacare to drug prices.
Several investors and analysts said they expect a clearer view of the political outlook for insurers and drug companies after the presidential election. Both Republican nominee Donald Trump and Democrat Hillary Clinton have criticized drug prices and want to make adjustments to the health-care system.
The same fate has been shared by the European equity market, where the Stoxx 600 Healt Care Supersector Index had a decrease of -10,89% while the main Stoxx 600 Index closed with a loss of -1,59%.
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