Category: Mid Cap Value Commentaries

Historical commentaries are available upon request, please e-mail marketing@kennedycapital.com

Mid Cap Value – Q1 2024 Commentary

April 23rd, 2024
Equity markets posted positive returns during the 1st quarter of 2024.  The spread between large cap and small cap returns continued to widen, with the Russell 1000® Index (large) returning +10.3%, compared to the Russell 2000® (small) up +5.2%.  Not surprisingly, mid cap returns were in between, with the Russell Midcap® Value Index (RMV) posting a…

Mid Cap Value – Q4 2023 Commentary

January 22nd, 2024
Equity markets rose sharply during the 4th quarter of 2023.  The Russell Midcap® Value (RMV) index was up 12.1%, and all indices posted strong gains.  Markets reacted positively to the Federal Reserve’s decision to hold its policy rate in the 5.25 – 5.50% range, as well as commentary from Fed Chair Jerome Powell suggesting we have…

Mid Cap Value – Q3 2023 Commentary

October 23rd, 2023
All major U.S. equity market indices posted negative returns during the 3rd quarter of 2023.  The spread between large cap and small cap returns remains historically wide.  Year-to-date, the Russell 1000® Index (large) is up +13.0%, compared to the Russell 2000 (small) up +2.5%.  The Kennedy Mid Cap Value (MCV) composite declined -4.19% (net of fees)…

Mid Cap Value – Q2 2023 Commentary

July 24th, 2023
Equity markets saw broad-based strength during the second quarter of 2023. For the quarter, the Russell Midcap® Value (RMV) Index increased 3.86%, the Russell 2000® Index was up 5.21%, and the S&P 500® Index increased 8.74%.  The Kennedy Capital Mid Cap Value (MCV) composite rose 7.48% (gross of fees) and 7.31% (net of fees) during the…

Mid Cap Value – Q1 2023 Commentary

April 25th, 2023
Equity market performance was volatile throughout the first quarter of 2023, but the Russell Midcap® Value (RMV) Index ended up with a positive result, increasing 1.3%.  The Kennedy Capital Mid Cap Value (MCV) composite rose 5.8% (net of fees) during the quarter, outperforming the RMV by 446 basis points.  For the rolling 12-month period, the MCV…

Mid Cap Value – Q4 2022 Commentary

January 27th, 2023
Fourth quarter 2022 equity market performance was a lone bright spot in what was a challenging year for returns across all major asset classes.  For the quarter, the Russell Midcap® Value (RMV) Index rose 10.5%, and the S&P® 500 Index (S&P) increased 7.6%.  In contrast, for the year, the RMV declined -12.0%, and the S&P declined…

Mid Cap Value – Q3 2022 Commentary

October 21st, 2022
US equity market performance was mixed in the third quarter of 2022, with most major market indices down low single digits on a percentage basis over the three-month period.  The Russell Midcap® Value (RMV) Index declined -4.93%, and the S&P® 500 Index fell -4.88%.  The quarter was a tale of two halves: From June 30th…