Health Care Stocks Are Quietly Moving Higher
Joe Heider, president of Cirrus Wealth Management, is included in Kyle Woodley’s US News & World Report article surrounding the rally of the health care sector and biotech stocks despite the Brexit vote to leave the European Union. “What’s really providing huge headwinds is the Affordable Care Act, the pressures of pricing and an anti-profit mentality inside government. I think health care will have at least market-like returns for the foreseeable future, if not slightly better. But I don’t think it’ll be as strong in relative terms as it has for the last several months,” he says.