- For the first time since 2006, the forward P/E ratio of health care stocks (XLV) is above that on consumer staples (XLP), according to BAML (via Matthew Boes).
- The crossover comes after more than a year of strong outperformance for healthcare names, with XLV up 47% vs. XLP up 21.3% since the start of 2013.
- Related ETFs: IYH, IBB, XLV, XLP, XBI, VHT, BIB, PJP, BBH, VDC, FBT, XPH, CURE, PBE, IHE, FXH, RXL, IRY, IXJ, IHI, PPH, IHF, PSCH, XHS, FHLC, FXG, BIS, RYH, RHS, PSL, PTH, FSTA, XHE, AXHE, PSCC, DRGS, RXD