Why DBS Bank strategist Joanne Goh prefers smallcap and midcap stocks in this bull market

Joanne Goh of DBS Bank highlights public capex's role in driving economic and earnings growth, favoring small and midcaps. India’s 7.8% GDP growth, stable global trends, rising domestic consumption, and strong emerging market inflows boost sentiment. Yet, elevated valuations, geopolitical uncertainties, and private consumption dynamics present fiscal policy challenges.