No compelling reason to exit small and midcap (SMID) portfolios; mitigate risks By ASK Private Wealth
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SMID: Chinks in the growing consensus of overvaluation story
1) The emerging consensus: Too many people are cautious on the SMID space barring retail investors. When large part of the market is on one side, its usually not a great side to be on. EPS multiples are not supporting the fear case.
Valuation: Not much difference in stretch between largecap and SMID particularly with respect to their respective historical levels.
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