Taking Stock: Q4 2024 equity market outlook
No surprise, cyclicals become more interesting as the cycle evolves and the economy approaches recovery mode. In general, recessions more often follow the start of rate cuts, with economic conditions improving as the easing cycle advances.
This time … similarities and differences
Our review of data back to 1979 shows that healthcare is also a relative outperformer over the long term. While every cycle is different, we maintain our conviction in the healthcare sector given strong secular tailwinds, such as aging populations and rising health needs, alongside growth potential powered by innovation.
Our analysis of stock dispersion within sectors over the past 20 years shows that healthcare was among three sectors (discretionary and…
