Those in search of a real-time, market-based way to make money on Warren's nomination odds should track one health care ETF, Jefferies says.
Performance analysis of the Health Care Select Sector SPDR ETF reveals strong negative correlation with Warren's odds of nomination, according to Jefferies.
"The past six or so weeks have seen a prominent reversal in Warren's momentum and a corresponding ascent of the XLV," Jefferies' Jared Holz writes. wins the Democratic nomination need look no further than one of the market's biggest health care funds, according to a Jefferies analysis., which tracks the performance of biotechnology and pharmaceutical companies in the S&P 500, reveals strong negative correlation with Warren's odds of nomination tracked by political betting site PredictIt's.
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