The health care sector’s impact on the Nasdaq should not be discounted. Health care and the Nasdaq means biotech and medical devices.
Biotech has already been driving the Nasdaq as several biotech funds, including the iShares Nasdaq Biotechnology ETF (NasdaqGS: IBB), have been among the best-performing sector ETFs for several years now. Health care is QQQ’s third-largest sector weight at almost 15%. [Health Care ETFs Assert Leadership]
PowerShares QQQ
Tom Lydon’s clients own shares of Google, Facebook and QQQ.