I’ve been meaning to share this with you, and having David Rosenberg of Gluskin Sheff on Bloomberg Surveillance this morning reminded me:
Have a look at the table of S&P 500 sectors — the only one that has outperformed in each of the past three decades is health care. No, Medical and pharmacy inflation was not in your imagination.
Telecom services is the only sector to underperform in all three decades.
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