Stovall: The Case for Mid-Caps
Year to date through June 12, the Standard & Poor's 500-stock index fell 8.8%, with eight of its 10 sectors in negative territory. Yet the S&P MidCap 400 index declined less than 1% in the same period, with seven of its 10 sectors down on the year, with Utilities off only 0.1%. What's more, since the market's bottom on Mar. 10, the S&P MidCap 400 jumped 14.4% compared to the S&P 500's rise of 5.2%.
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