Health Stocks Soared This Week, But History Says This Could Come Next...
| Using Kensho technology, CNBC will surface research and analytic insights designed to create actionable, historical content around market moving events. HEALTH CHECK
Earlier this week, the White House announced it had withdrawn a proposal to eliminate rebates from government drug plans. In response Health stocks jumped, with the U.S. Health Care ETF, the IHF, gaining over 3.5 percent on Thursday.
A one-day move of 3.5 percent or more has only happened 7 other times in the past 5 years. But history says, the trend could soon cool. Following the previous 7 events, the IHF tends to reverse course, shedding about 2 percent two weeks later - trading negatively 57 percent of the time. 
A WORLD VIEW The MSCI World index gained more than 15 percent in the first half of this year - the index's best January-June return in more than 20 years. Since 1990, following similar, double-digit gains of at least 10 percent in the first half of the year, the index has always traded positively over the remainder of the year, with an average return of 7 percent.  USING DISCRETION The Consumer Discretionary sector has jumped over 5 percent in the past month - making it one of the top sectors in the past 30 days. A month after similar moves, the trend tends to continue with the sector outperforming the broader market. 
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