Shouraya Khadgawat, lead strategist for equities at Centricity WealthTech, said, “The recovery in 60% of prominent investor portfolios is real, supported by a sharp rebound in small and mid caps, domestic institutional flows, and selective earnings momentum. But calling it structural would be premature unless next quarter’s earnings hold up, crude does not spike again on fresh Hormuz headlines, and the macro environment remains stable. Mid and small cap earnings have clearly outpaced those of large caps, explaining why concentrated portfolios recovered faster.”
