Julie Beal states that the valuation spread between high-quality and low-quality small and mid-cap stocks is at an extreme level, creating an attractive buying opportunity for quality companies.

The valuation gap between US and non-US equities has narrowed, making international markets like Europe less compelling on a relative value basis than they were previously.

Julie Beal observes that the AI sector's funding is shifting from free cash flow to debt and equity financing, which she believes will force a greater focus on company fundamentals and earnings.