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Recession, No Recession; Look to Consumer Staples

Friday, August 5, 2022

Some of the best performing megacap stocks during the first half of the year came from two sectors: energy and healthcare. Energy is no big surprise considering the way oil prices skyrocketed, but healthcare may come as more of a shocker. We've actually written quite a bit on healthcare and remain quite bullish on the sector for the foreseeable future. We're more neutral on oil with worries about a recession looming, despite a stronger-than-expected jobs report on Friday.

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