When mega-cap companies, such as Apple, are weighted equal to others, healthcare is outperforming technology in the stock market this year, according to Bloomberg Businessweek.
Versions of the S&P 500 Information Technology Index that remove market cap bias show healthcare stocks fared the best in the market this year.
"We doubt many realize that equal-weight healthcare is outperforming tech," Chris Verrone, head of technical analysis at Strategas Research Partners, wrote in a note to Bloomberg.
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