Health care sector at rare premium to consumer staples

|About: Health Care Select Sect ... (XLV)|By:, SA News Editor

For the first time since 2006, the forward P/E ratio of health care stocks (XLVis 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.

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