The Stock Market Loves Obamacare
Bloomberg Businessweek: A new online broker, Motif Investing, is offering Obamacares friends and foes alike a chance to put their money where their mouth is. Co-founded by a former Microsoft executive, Hardeep Walia, and backed by Goldman Sachs and other investors, Motif allows customers to bet on narrowly tailored concepts.
Two of the hottest motifs right now are Obamacare and repeal Obamacare.
Whats most striking isnt the performance of the two funds, but where investors are choosing to place their money
One is clearly more popular:
Motif investors have bet 45 times more money on Obamacares success than on its failure.
Since the U.S. Supreme Court upheld the laws constitutionality in June 2012, investment in the health-care sector has soared.
Bloomberg analyst Eric Balchunas: Clearly Obamacare has provided a major catalyst to the investment case for this red-hot sector.
http://wonkwire.rollcall.com/2014/02/21/whats-hot-financial-markets-obamacare/