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Posted by
Two Blokes Jul 12 -
Filed in
Stock
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4 views
I assign a hold rating on SPMD due to short-term macroeconomic risks and likely underperformance versus large-cap funds in the coming months. Mid-cap exposure is structurally defensive, but SPMD's more modest tech allocation limits its ability to benefit from the supporting market driver that AI hype represents. Tariffs, weakening demand, higher inflation, and a softening labor market present near-term headwinds, potentially impacting mid-cap performance more than large caps.
