The Dow Jones industrial average tested new lows today, so you might be feeling gloomy, but taking a look at the mid-cap growth exchange traded fund (ETF) and the Nasdaq helps round out the picture a little better.
The Nasdaq has actually rebounded about 50% off its low point earlier this year, while the iShares S&P MidCap 400 Growth Index (IJK) is outperforming both indexes, up 4.6% year-to-date.
This just illustrates that while the markets might be feeling depressed, there are opportunities out there. Each segment of the market marches to the beat of its own drummer. It’s just a matter of finding the drummer.
For full disclosure, some of Tom Lydon’s clients own IJK.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.