Healthcare Stocks Had a Terrible 2023. Things Are Looking Up.

Things could hardly have gone worse for healthcare investors in 2023. Goldman Sachs analysts called the gap at mid December, with health care stocks down nearly 2% and the S&P 500 up more than 205, the sector’s “most significant annual underperformance in 30 years.” The healthcare sector typically underperforms the broader market in general election years, as presidential hopefuls pledge to reform drug prices or health insurance,  spooking investors into a selloff.