SMID Cap Portfolio Review - August 2025
September 8, 2025
The stock market extended its gains in August, lifted by stronger-than-expected corporate profits and ongoing momentum in artificial intelligence (AI)–related stocks, despite growing skepticism about the durability of the AI rally. Expectations for a Federal Reserve rate cut further bolstered sentiment, as did a surge in corporate buybacks, which surpassed $1 trillion—the fastest pace on record.
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