XLI - Mid-Caps Muscle Up: IJH Looks Good On Valuation And Momentum
2024-05-21 22:54:53 ET
Summary
- The iShares Core S&P Mid-Cap ETF offers a low price-to-earnings ratio and is a solid choice for long-term investors given current valuations.
- Mid-caps have performed the best among the three size groups in the US market looking back decades, and I believe they will deliver solid results in the future.
- With a positive momentum situation and diversification, I am bullish and outline key price levels to monitor as we continue into a positive seasonal stretch.
Mid-caps are often the forgotten-about group of stocks in the US market. With so much focus on the Magnificent Seven leading the S&P 500 large-cap index to new all-time highs in the past year, as well as domestic small caps struggling to approach their late 2021 peak, mid-caps are usually relegated to an area of interest for only the most nimble asset allocators. But I see encouraging signs within the space....
Mid-Caps Muscle Up: IJH Looks Good On Valuation And Momentum