The Health Care Select Sector SPDR is up 2.3 percent over the past month and the greatest healthcare exchange traded fund has indicated some signs of awakening out of a long slumber, but few traders are not convinced, in accordance to industry analyst ETF Trends.
For XLV and rival healthcare ETFs, the great news is that the U.S. economy shifting into the late-cycle phase, overall growth may slow and symbols of an economic slowdown could pop up. Consequently, investors may also turn to defensive sectors that are less economically sensitive, like health care.
Looking ahead, in the years through 2024, spending progress is projected to average 5.8 percent and peak at 6.3 percent in the year 2020.
Additionally, the actuaries calculated that nearly 8.4 million Americans became insured in the year 2014 and noted their increased utilization of medical services. The number of persons on Medicaid is projected to increase to 78.1 million by the year 2024, outstripping Medicare, which is hoped to have 70.3 million enrolled.
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