Ever since 2019, the healthcare sector has been white-knuckling and preparing itself for what may be a volatile and uncertain election year for stocks. But according to UBS, 2020 is shaping up to look a whole lot like 2009 for the sector—which could actually help put some investors’ minds at ease.
Historically, “the market reaction has been largely to sell much of the healthcare sector, lowering valuations until clarity arrives after the election,” UBS’s Americas healthcare analyst Eric Potoker wrote in a note Tuesday. “The market’s current treatment of healthcare stocks falls into that familiar pattern.”
