VO - VO: Mid-Caps Looking Good In H2 Weighing The Valuation And Technicals
2024-07-02 00:46:29 ET
Summary
- Stocks put in a strong first half, but gains were concentrated among the megacaps.
- Large-cap growth outperformed in the first half, with ETFs returning over 20%.
- Vanguard Mid-Cap Index Fund ETF Shares underperformed S&P 500 due to interest rates and AI euphoria benefitting large caps.
- VO remains a buy in my view given its decent technicals and reasonable decent valuation, despite recent underperformance.
Large-cap growth was the star of the market show in the first half. ETFs tracking the upper-right corner of the US stock market style box returned more than 20%. Contrast that to tepid returns in value and among mid-caps. Small caps were basically flat, losing ground to both inflation and high cash yields. ...
VO: Mid-Caps Looking Good In H2, Weighing The Valuation And Technicals