XLV: Safe Haven, But That Cuts Both Ways

What happened: The State Street Health Care Select Sector SPDR ETF ($XLV) broke to new all-time highs, outperforming as a safe haven amid tech sector volatility and an AI selloff. Why it matters: The author rates $XLV a buy on a pullback near $165 but a hold at current prices, noting breakouts often fail and tech could rebound. The ETF is described as insulated from AI-specific risks, rising yields, and macro headwinds. Key numbers: Buy rating on a pullback near $165; tepid Q3 earnings growth noted.

The State Street Health Care Select Sector SPDR ETF ($XLV) broke to new all-time highs, outperforming as a safe haven amid tech sector volatility and an AI selloff.

The author rates $XLV a buy on a pullback near $165 but a hold at current prices, noting breakouts often fail and tech could rebound. The ETF is described as insulated from AI-specific risks, rising yields, and macro headwinds. Key numbers: Buy rating on a pullback near $165; tepid Q3 earnings growth noted.