The healthcare sector has rebounded enough in recent days to put the Health Care SPDR (ETF) (NYSE: XLV) back into the group of two sector SPDR exchange-traded funds that are sporting year-to-date gains.
In the case of XLV, that ETF's 2015 gains are modest at 1.1 percent heading into Tuesday. Supportive economic data has helped propel the Consumer Discretionary SPDR (ETF) (NYSE: XLY) to a year-to-date gain of 7.8 percent, easily making the largest consumer discretionary ETF the leader among the nine SPDRs.
On Monday, S&P Capital IQ upgraded its recommendation on the consumer discretionary sector, citing “a combination of macroeconomic, fundamental and seasonal factors. Consumer discretionary joins health care and telecom services as overweighted sectors, relative to the S&P 500 index.”
Indeed, October is a fine time to consider XLY; since 1999, the first full year of trading for ...
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