Healthcare is taking a turn in the sector risk spotlight, ending an extended run by the consumer discretionary sector, at least temporarily. The healthcare sector recorded a significant quarter-over-quarter increase in probability of default in Q2. A steady rise in bearish sentiment among the sector’s investors also brought healthcare into second place behind consumer discretionary on sector-by-sector rankings of the percentage of shares sold short out of all outstanding shares. Meanwhile, private equity dealmaking in the pet sector got off to a slow start in 2024, with the $43.5 million in announced transaction value in the second quarter through June 18 representing an 81% decline compared to the same period in 2023.
Read the full article: Healthcare Takes Sector Risk Spotlight; PE Interest in Pet Sector Cools //
Source: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/healthcare-takes-sector-risk-spotlight-pe-interest-in-pet-sector-cools-82298788