The healthcare sector is a direct beneficiary of one of the only secular, non-cyclical and permanent investment themes: the global aging population. Moreover, as wealth increases in developing economies, there’s a disproportionate increase in the amount of spending on healthcare which will likely result in significantly increased demand for healthcare products and services over time. Finally, technological innovations coupled with regulatory advancements pave the way forward for catalysts across healthcare subsectors.
Political discussions on how to deal with the rising healthcare costs over recent years have caused volatility in the sector to increase and valuation multiples to contract. This was on display during the first nine months of 2019 as investor sentiment towards the sector worsened. Ahead of third-quarter earnings, however, there was an apparent tone shift. More positive commentary and overall sentiment towards the sector also coincided with a softening of extreme political rhetoric. This caused the sector to regain strength through the end of the year. This is poised to continue through 2020.
Still, healthcare is expected to be a key topic during the 2020 U.S. presidential election. Even intra-party views on potential policies are divergent, resulting in the advancement of even basic healthcare proposals proving to be difficult. We view any further volatility as an opportunity, as fundamentals for the underlying businesses remain intact. We continue to advocate diversity across subsectors to minimize individual binary risks.
Lastly, the increase in the implied volatility levels has resulted in attractive income derived from covered call strategies such as the one used in the Healthcare Leaders Income Fund.
Healthcare profits will stop rising when the market cannot pay for them. The only way the market can pay for them now is by massive government intervention - wealth transfer. So far the people who get more than they pay for can continue to get it by voting for it, but 'sooner or later, you run out of other people's money.' Then the whole thing collapses.
[Sarah Hoyt] - The problem with power and wealth.... yes, yes, is that I don’t have any. Right. The jokes write themselves. Don’t forget to buy your waitress (she’s a robot) and tip the fish (he bets on the ponies and is always looking for a tip.)
Now being serious, for a moment, the problem with power and wealth is that they’re inseparable. And no, not just as our Marxist brethren have been taught, in "a capitalist society." Actually if there’s any hope of separating them it’s a true free market society. Not that we have that.
Even under monarchies, those who financed the king usually got power in return (also placed themselves in danger. If my research is correct some ancestors were that bloody stupid. Ah, well.) And at any rate, people with money (or other exchange. After all money is a proxy for goods and services you can’t just carry around in your wallet, right?) can by definition buy the allegiance, obedience or labor of others. In any society. Which means if you have money, you’ll soon have power.
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[Babylon Bee] WASHINGTON, D.C.‐Nancy Pelosi has announced a new creative fundraiser for Dems in 2020: auctioning off limited-edition replicas of the dentures she wore during Trump's impeachment.
The dentures have Pelosi's signature emblazoned in gold across the gums. Only 300 sets were made, so you'll need to jump on this opportunity to get this coveted souvenir from Trump's somber impeachment ceremony.
The bidding starts at $1,000.00 per pair, with all proceeds going to help Dems campaign on impeachment. Excited Democrats began bidding on the dentures, driving the price up into the tens of thousands of dollars immediately.
"This is a once-in-a-lifetime opportunity to get a historic relic from this somber, very serious impeachment trial," Pelosi said in a speech, pulling back her lips to show the emblazoning on her official, original pair of historic dentures. "The plating on the signatures are authentic, 24K gold." You can even customize your dentures with "bling" like gold or silver teeth with messages like "ORANGE MAN BAD" or "IMPEACH 45."
The Speaker of the House also said that if you act fast, you'll get a collector's edition plate and coin absolutely free. You're also able to "buy it now" with financing options of just 30% of your income for the rest of your life.
Pelosi is also auctioning off a limited number of empty vodka bottles, the contents of which were consumed during the impeachment proceedings.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.