Thematic breadth has been incredible to start the year. A record 32 themes are outperforming the S&P 500 by more than 1% so far in 2025. In this publication, we highlight five themes that have caught our attention after showing up on our thematic relative strength breakout report. Theme relative strength trends on our radar include Fast Casual Restaurants, Healthcare Technology, Cybersecurity, China Technology, and Gold.
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