The healthcare sector had attracted increased investor interest amid the height of the COVID-19 pandemic, which fueled revenue growth for most companies in this space. However, the major stock market indexes have been logging losses lately due to concerns over inflation and recession prospects.
With the Fed expected to remain hawkish in its efforts to tame the 40-year high inflation, many analysts expect the Fed’s rate hikes to eventually result in a recession, leading to further downside for most stocks.
