Jerome Powell warned yesterday that the “the ultimate level of interest rates is likely to be higher than previously anticipated”, which set in motion a sell-off in stocks and bonds and saw the dollar stage a rally. Asia (ex Japan) followed suit with the added downward impetus of a more-modest-than-expected China growth target. Equity strategist Leonardo Pellandini joins the show to explain why healthcare stocks deserve their ‘Overweight’ rating.00:14 Introduction and markets wrap-up by Bernadette Anderko (Investment Writing)03:40 Overweight healthcare stocks by Leonardo Pellandini (Equity Strategy)07:00 Closing remarks by Bernadette Anderko (Investment Writing)