My healthcare longs versus an SPY short have worked out very well and I want to lock in some gains. I have sold down some Eli Lilly and Pfizer and covered the related portion of my SPY short.
Healthcare has started underperforming in the past two days. I would have expected it to outperform during a financial crisis (Dubai). I still believe in the longer term story but in the short term healthcare might need a breather. I still have a decent size position in the trade.