Kieger Healthcare Monthly Commentary
Every winter has its spring
During the month of September, the higher-than- anticipated US Consumer Price Index print dominated the narrative. A global flurry of central banks followed in the FED’s footsteps and hiked rates, which in turn wiped out the early summer equity gains. The UK government’s economic plan only added to the chaos in markets. Healthcare stocks returned -3.9% in September, while global equities lost 9.3%. The sector’s year-to-date outperformance now stands at 9.0%.