Dear Chart of the Day Fan:
Here’s my chart for today. I’ll talk about it shortly after 3:30 p.m. Eastern (12:30 p.m. Pacific) on the Bloomberg Businessweek radio show. Also, I’ll present my Stock of the Day just after 4:05 p.m. (1:05 p.m.) on the radio and later on social media. You can hear me on Bloomberg Radio or see me at Bloomberg Global News on YouTube. Earlier charts are on my Tumblr page.
Thanks for your interest. It’s appreciated.
The relationship between U.S. health-care and technology stocks is echoing the 1990s Internet-bubble years. Share prices of two Select Sector SPDR exchange-traded funds show this. The Health Care SPDR fell below the Technology SPDR in June for the first time since May 2001, after the bubble burst, according to data compiled by Bloomberg. Last week, the gap surpassed $10 a share, which left the health ETF behind by the most since December 2000. Health care is “not a great sector-allocation option at the moment,” David Keller, president of Sierra Alpha Research, wrote in a Twitter post Friday that cited the ETFs.
Stocks Editor, Bloomberg RadioEditor, Chart and Stock of the DayStock of the Hour, Bloomberg Television
Author, Visual Guide to Financial Markets