In this clip of Stocks in Translation, Michael Gayed, publisher of The Lead-Lag Report, joins the podcast and offers advice on how index-only investors can diversify their portfolios beyond the dominant stocks in the S&P 500 (^GSPC).Gayed emphasizes the importance of small caps in this strategy, adding, “Small caps hold the key…the vast majority of stocks are trading below their 2021 highs.. they’re the so-called zombie companies.” Listen to the full episode here, or wherever you get your podcasts. For more expert insight and the latest market action, click here. This post was written by Neil Mulcahy.