(Check out Carter's worthcharting.com for actionable recommendations and live nightly videos.) The worst performing sector year to date is healthcare, and there is every indication there is more downside ahead. The 2-panel chart below tells the tale. The top panel is the Health Care Select Sector SPDR ETF (XLV) itself, and it is a bad technical setup. The ETF is toying with the prospect of breaking the trend line in effect since the 2025 tariff lows of a year ago, all in the context of a two-year double top formation, and a head & shoulders top formation of the past 6 months. The bottom panel depicts XLV's relative performance to the S & P 500 Index. It is the very definition of no alpha. In fact, healthcare is making 10 year relative lows to the market. If one is long or overweight the sector, take measures. DISCLOSURES: None. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, or its parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
