Small-cap valuations look stretched, prompting investors to weigh a shift toward large caps

The article examines whether small-cap stocks have become expensive relative to their historical norms. It notes that rising valuations in the segment have raised concerns about downside risk for investors. In response, the piece considers whether reallocating holdings toward large-cap companies might offer better risk-adjusted returns. The analysis is framed as a question for investors to evaluate rather than a definitive recommendation.