Elaia Weekly View
🌿 Elaia Weekly View – Week 49 / 2025
The Health Care Sector is Closing its Underperformance Gap
After months of lagging global equities, the Health Care sector is finally closing its underperformance gap. What initially looked like a structural decline—driven by regulatory pressure, political uncertainty, and sharp drawdowns in major pharma names—has instead created one of the most attractive valuation setups since the financial crisis.
Since late September, the sector has staged a decisive reversal, outperforming global markets as investors rotate back into resilient, defensive, and increasingly innovative segments. At the same time, the GLP-1 obesity treatment revolution is expanding across the entire value chain, becoming a powerful secular catalyst for the years ahead.
This week, we explore why the worst now appears behind us, what still makes valuations compelling, and where the next drivers of growth are emerging within one of the most strategically important sectors of the global economy.