What makes you think that in the next 2-3 years, the outperformance will come from midcaps?
We must remember that midcaps and smallcaps underperformed massively in 2018 and 2019. If you look at the history of the last 20 years, 2018 and 2019 were the worst years for midcaps as compared with largecaps. In those two years, the largecap rally was very narrow. Only a few businesses were doing well and that reflected in the market.
After the economy bottomed out in June q ..
