Healthcare Just Hit a Record Lead Over Tech. 3 Things Could Shrink It

Healthcare stocks have outperformed tech by 35.6 percentage points over the past six months. That is the sector’s widest lead in 25 years, built as investors moved money out of AI stocks. According to The Kobeissi Letter, healthcare rose 31.7% over that period while tech slipped 3.9%. That marks a sharp turn from early June, when tech led healthcare by 45.6 points. How AI Doubts Pushed Money Into Drugmakers The shift took hold in late spring as confidence in the AI trade weakened. From the end of April to October 26, the S&P 500 Healthcare Index rose about 23%, Bloomberg reported. That beat every other sector, with Eli Lilly, AbbVie and Johnson & Johnson leading the gains. Goldman Sachs also steered AI-wary investors toward health care in October.

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