Most industries continue to witness declines in their share prices amid highly volatile market conditions on concerns about high inflation and a hawkish Fed. However, impressive fourth-quarter earnings reports have been boosting investor sentiment. Furthermore, investors seeking to balance out their portfolios are now betting on mid-cap stocks, which can be viewed as a buffer zone between small-cap and large-cap stocks.
Many experts expect the market correction to be short-lived, and that quality mid-cap stocks with a promising outlook can withstand the turbulence. Michael Arone, the chief investment strategist at State Street Global Advisors, said, "On the other side of this, the economy should continue to expand, as earnings are pretty good."
