The Financial Post reports in its Wednesday edition that the craze in artificial intelligence investing has bypassed Canadian equities markets and left its key index to chase higher-flying stocks in New York. The Post's Geoffrey Morgan and Stephanie Hughes write that strategists think that will reverse in the second half of 2023. The S&P/TSX Composite Index has eked out a 2.2-per-cent gain so far this year, directly in line with the Dow. However, it has vastly underperformed the S&P 500, which is up 15 per cent, thanks to a surge in information technology that has been fuelled by an AI investing bonanza. The first-half rally in U.S. equities has been narrow and contained to a handful of megacap tech stocks. Toronto has performed more like the equal weight S&P 500 this year. By contrast, three of Canada's largest market sectors -- financials, energy and materials -- have "vastly underperformed this year," AGF Investments vice-president Mike Archibald said, adding those cyclical sectors have weighed on Canadian indexes. Oil prices have been range-bound below $75 (U.S.) a barrel, base metals have struggled to rise amid Chinese economic weakness and "the banking crisis obviously wasn't helpful," he added.