Will they/Won’t they? The Jackson Hole meeting at the end of August and the question around slowing the pace of bond purchases spooked the market throughout the whole month (next to the Delta-variant). In such times of uncertainties Healthcare (2.8%) did what it is supposed to do: it outperformed the market (2.5%). Year to date, Healthcare (17.2%) trades now almost on par with the global markets (17.9%)
Investors’ favourite Christmas song made it into the 2021 music charts! Equity markets enjoyed a powerful rally during the last third of December, despite annualised US inflation at its highest level in nearly four decades, the FED’s more hawkish stance and the rapid spreading of Omicron.
Have you ever wondered why healthcare costs seem to increase year after year?