Look to short Healthcare stocks if bond yields start to rise

Look to short Healthcare stocks if bond yields start to rise. Shane Oliver from AMP Capital says there's evidence of more short selling as the market continues its rise. Investors who are cynical on the earnings recovery are targeting the sectors on the highest Price to Earnings ratios such as media, healthcare, gaming and consumer staples that are more than two percentage points above the overall average in the market. He notes that Healthcare stocks have run hard on the back of the search for yields, now investors might say, if bond yields rise as growth improves, it would make sense to short the healthcare stocks''. (Source: SMH)