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In what ways does AI not further extend the lead/moat of large caps relative to mid/small companies?
Ignoring valuation, are we set for further outperformance of large caps?
$WMT plans to lean into disinflation (price investments) in 2H23 as grocery inflation/pricing slows from 12% to 1%(est)
Low volume + pricing softness + high consumer staples sector valuation = not good?
Game of chicken may be occurring between the retail and vendor community