Healthcare was one sector that did not fully participate in the recent stockmarket rally and finished the first quarter as the worst performer in the S&P 500 index, writes Legg Mason's Evan Bauman.
Shares below $100 in after-hours trading
Following January's panic, markets staged a strong recovery from their mid-February lows following central bank action, a firming in oil and commodity prices, a clearer picture on China and US interest rates.
Bearish on central bank policy
Firm favours specialist boutique niche
Americans are an optimistic bunch by nature. However, talk of secular stagnation, declining opportunities and faltering growth have become the topics de jour.
Darren Ruane, head of fixed income, Investec Wealth & Investment, looks at the Republican and Democratic candidates and how their case for the economy could affect bond markets in 2016.
John Paulson saw losses over five months
Stronger than 2015