XLV Healthcare SPDR July Outlook—As the S&P 500 reconfirmed its uptrend in July, XLV reconfirmed its underperformance trend
The XLV lost ground by moving sideways in June, unable to entice investors who were looking to add risk instead. The price action has been sideways since XLV peaked in February, and with a weak start to July trading, the pattern is taking on a distributional look.