Forget the Barbell Approach in US Equities, Look at the Mid (dle) Caps

Equity markets finally ended their five week string of new highs after the subdued level of employment growth reported Friday. Now, the Fed’s timing of interest rate hikes has been called into question, as if anyone knew for sure when it would actually begin. The consensus seems to be that if employment disappoints again in the coming months and quarters, and Super Mario Draghi on the other side of the pond continues to do WIT (whatever it takes) to spur growth, our Fed here in the good ole USA may have an excuse to delay any action.