Today in the podcast, part 2 of our US equity market outlook update, we discuss our views on higher level positioning trades. Three big things you need to know: First, we think the case against US equities relative to non-US equities has been overstated. Second, we think the risk of a pause in Large Cap Growth leadership has grown, even though we think this part of the market has outperformed for good reasons. Third, we think Small Caps are at an attractive entry point for patient investors.