Moving Away from Mega Caps into ‘Smid Caps’

Patrick Ryan covers the broad picture as markets hit new all-time highs this week. He thinks the market is zeroed in on the labor market, which he is “concerned” about, but argues the rest of the economy is doing ok. He’s seeing signs of life in small caps, and is underweight mega caps, anticipating a market broadening that will benefit small players. He also likes financials along the same lines.

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