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The iShares Russell Mid-Cap ETF (IWR) has returned 10.16% year-to-date, driven by its 18.4% allocation to the industrials sector.
Large-cap stocks face a "winner-take-most" economy, leading to intense competition among giants. Meanwhile, small and mid-cap stocks are poised for significant earnings growth, signaling a potential market shift and creating a sharp divergence in market dynamics.