By Ann Brown
The concept of Medicare for All is shaking up a lot of people up. And it seems to be causing havoc on health-care stocks.
Last week, the XLV health-care sector ETF dropped more than 4 percent, marking its worst week of the year and sending the group negative for 2019.
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“This is 100 percent a response to the possibility of Medicare for All becoming a reality which would crush the sector,” Mark Tepper, president and CEO of Strategic Wealth Partners, told CNBC.
According to Craig Johnson, chief market technician at Piper Jaffray, this does not look good for the entire healthcare sector.
“No question that the health-care sector has caught a cold,” said Johnson Click here to read entire article