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PJP - Coronavirus Sparked Healthcare ETFs In General But Ultimately We Really Do Need To Pick And Choose
Invesco Dynamic Pharmaceuticals
When Mr. Market succumbed to coronavirus after February 19, everything seemed to collapse in unison. In reality, some sectors fell a bit harder while others were a bit less bad, but on the whole, everybody who had money in stocks felt ill. When it comes to the snapback (or bear-market rally) we’ve enjoyed since March 23, we’ve been seeing some meaningful separation. The SPDR S&P 500 ETF (SPY) bounced 23%. But coronavirus-induced expectations of future profitability sent the SPDR Select Sector Healthcare ETF (XLV) up 31%, bringing it to within 7%