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Midcaps trump smallcaps in 2024 as investors seek valuation comfort in an overheated race. What lies ahead?
If we look at the last five years, only once has this happened in 2022, where midcap stocks (1.38% returns) outshined the smallcap peers (-1.38%). Taking a slightly wider view, the midcap index has outperformed the smaller index (in terms of market cap) in six out of the last 10 years (including 2024).