What to look for on Manic Monday 6/15/26?
- Momentum continues from SMID Biotech stocks. XBI up 9.73% YTD and IWM up 18.1% YTD.
- How the incredible SPCX IPO will disrupt the overall market and Sectors within technology.
- Will the market performance broaden and can weaker sectors of Healthcare recover?
Ok by now you have read all the great things that will come from the SpaceX IPO. We all have done well with technology and CHIP stocks over the past years and now the broader question which has arisen is whether the excess cash and immense wealth will broaden the market overall? Lately we have focused many of our articles on sector tracking and how specific technologies affect Life Science markets like Sequencing, CAR-T, Precision Oncology and of course AI.
With two weeks to go before the first half of 2026 ending in 2 weeks here is the SECTOR summary from State Street Sector SPDR ETFS:
Over the past week here is what happened : the leaders are Staples (XLP) up3.84%, Healthcare (XLV) up 1.34%, and Real Estate (XLRE) whereas the laggards are: Information Technology (XLK) down 5.16%, Energy (XLE) down 2.&7% and Communication Services ( XLC) down 0.88%.
Over the past six months(YTD) here is the Sector Performance :The Leaders are : Energy (XLE) up 27.76%, Information Technology (XLK) up 27.26%, Materials (XLB) up 12.94%, Industrials (XLI) up 12.91%. The S&P 500 was up 8.25% depending on upon which index you used. The QQQ Nasdaq-100 is up 17.4%. Rotation has been your friend.
Meanwhile back on planet Earth as people seek better healthcare……..
Healthcare (XLV) was virtually flat YTD down 0.64% YTD but up 5.46% over the last month. The IBB was up 1.1% YTD and down 0.94% over past month.So within healthcare we focus on SMID caps and Large Cap Biopharmaceuticals (see our last Review) but lately the sector performance has broadened slightly to include Providers like UNH and CVS and some notable laggards like BAX, CAH DXCM and MCK. The other sectors we track and trade are Diagnostics and Tools and US MedTECH . Stocks in the those sectors we hold small positions and will accumulate over the shorter term pending earnings trends are: ABT, GEHC, ILMN, ISRG, NTRA.
Focusing on UNH and Healthcare Providers (IHF) the sector is up 10.84% YTD a new high YTD, and flat 0.81% over 5 years lately thanks to improved performance by UNH, HUM, HCA and CVS.
The most challenged sector within healthcare over th past 5 years has been MedTECh with the U.S Medical Device (IHI) down 20.7% YTD and down 13.84% over 5 years and Fidelity Select Medical Technology (FSMEX) down 27.4% YTD and 42.4% over 5 Years!
Our favorite sector in 2026 has been SMID Cap Biotechs as tracked by the XBI up 9.73% YTD at $133.79, near its 5 year high of $134, and its bubble high of $152 in 2020.
iI’s MANIC MONDAY and you should see MOMENTUM like XBI go to new highs, more retail buyers come into SPCX and lagging metals like GLD,SLV and FCX take off. Then with a CONVERGENCE of a “Peace deal ” (Cease Fire with an MOU) with IRAN , and lower oil prices (WTI crude). NB: the Citigroup Market Sentiment Index has climbed to the EUPHORIC level. Next comes the hard part- “digestion of gains”, opening the Straits of Hormuz, and easing of inflation . In the meantime we will be looking for undiscovered stocks outside of TECHNOLOGY that have been left behind.