(For actionable recommendations and nightly live videos, check out Mr. Carter’s worthycharting.com.) The worst-performing sector year-to-date has been healthcare, and all signs point to further downside potential. The two-panel graph below tells the story. The panel above is the Healthcare Select Sector SPDR ETF (XLV) itself, which is technically incorrectly configured. The ETF is toying with the prospect of breaking the trend line since the 2025 tariff low a year ago, after two years of double tops and a head-and-shoulders top over the past six months. The bottom panel shows the relative performance of XLV against the S&P 500 index. That’s the very definition of no-alpha. In fact, healthcare industry profits have been relatively low over the past decade compared to the market. If the sector is long or overweight, take action. Disclosure: None. All opinions expressed by CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, its parent or affiliates, and may have been previously disseminated on television, radio, the Internet, or another medium. This content is provided for informational purposes only and does not constitute financial, investment, tax, or legal advice or a recommendation to purchase any securities or other financial assets. The Content is general in nature and does not reflect any individual’s unique personal circumstances. The above may not be appropriate for your particular situation. Before making any financial decisions, you should strongly consider seeking the advice of your own financial or investment advisor. Click here for full disclaimer.
