Darius McDermott: US small- and mid-caps offer balance betwe

Darius McDermott: US small- and mid-caps offer balance between extremes

I have no doubt AI will change the world and is a viable long-term theme, but in the short-term I think it has been overdone. I certainly wouldn’t be chasing the Nasdaq today after 30%-plus gains. Further down the market cap spectrum, however, stocks are trading at much lower valuations.

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