From our Healthcare Sector Head, Tom Tobin:
"This is positive for healthcare. Delay to name a successor when timing is everything in getting major Heathcare Reform done. Also negative for the dollar as entitlement spending remains a long term budget risk."
KM Macro Read Across:
1. Healthcare (XLV) is now +1.7% on the day - we are long that ETF.
2. US Dollar (UUP) remains weak today - we are short that ETF.
3. US Dollar weakness augurs positively for US stocks in the immediate term.
"This is positive for healthcare. Delay to name a successor when timing is everything in getting major Heathcare Reform done. Also negative for the dollar as entitlement spending remains a long term budget risk."
KM Macro Read Across:
1. Healthcare (XLV) is now +1.7% on the day - we are long that ETF.
2. US Dollar (UUP) remains weak today - we are short that ETF.
3. US Dollar weakness augurs positively for US stocks in the immediate term.
