Are Staples and Health Care Poised for More Outperformance?
by Bryce Coward of GaveKal Capital,
Today’s cyclical jolt aside, it appears from glancing at relative performance charts of growth counter-cyclicals (our code wording for the Consumer Staples and Health Care Sectors) that they could be poised for a relative performance breakout. Indeed, in all major regions of the world, growth counter-cyclicals are outperforming – or look poised for another leg up – against the relevant broad equity benchmark. Charts below.