We close out our Overweight Healthcare Services trade, at the targeted close date of July 30. There are years when it pays to "sell in May and go away" and overweight defensive industries, but this summer is not shaping up to be one of those periods. While the SPDR S&P Health Care Services ETF (XHS) returned a respectable 3.5% since our May 12 upgrade, the S&P 500 has spiked 8.7%, an annualized return over 48%.
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