INVESTMENT COMMENTARY & Outlook
The fourth quarter was the strongest quarter that we can remember for small-to-mid capitalization stocks. Essentially, many of our small-to-mid growth stocks “melted up” on light trading volume in an “early January effect.” These small-to-mid growth stocks, as well as many of our international growth stocks, have continued to perform well due to the “real January effect” that is caused by higher trading volume and fueled by new pension funding.
Our growth and dividend stocks are “locked and loaded” for the upcoming fourth-quarter announcement season. The year-over-year comparisons…