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Health care was the best-performing S&P 500 sector in June and the second best-performing sector in the first half of 2012. In light of those facts and the Supreme Court’s decision to uphold the constitutionality of the Affordable Care Act, we thought we should reiterate why we have a positive stance on the sector.
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Margie Patel appeared on CNBC last week to discuss market risks and how she’s positioning her portfolio for the rest of the year.
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Margie Patel discusses portfolio strategy on CNBC (video)
On Thursday, the Supreme Court voted to uphold the 2010 legislation for health care reform signed by President Obama. Many other news outlets are weighing in on the impact of the law on society and politics, but we thought it may be useful to provide a high level update for what it means to a municipal bond investor.
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Health care reform and the impact for the municipal investor