Health Care Is the S&P 500's Unsung Hero

Move Over, Tech

The math matters. Technology stocks, the market’s darlings in 2017, are less fearsome when mega-cap companies such as Apple Inc. are treated equally with others. Versions of the S&P 500 Information Technology Index that strip out market-cap bias show the biggest winners in this year’s market are health-care stocks. “We doubt many realize that equal-weight health care is outperforming tech,” Chris Verrone, head of technical analysis at Strategas Research Partners wrote in a note.

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