Category: Q2 2023

Market Review The Russell Microcap® Index increased 5.29% in the second quarter of 2023 as concerns around financial institutions and consumer spending became less pronounced through the quarter.  The Microcap Health Care sector increased by 11.81% given a rebound in M&A transactions, increased procedure volumes, and an improved funding environment for early-stage development companies. While only…

The unprecedented stimulus by the Federal Government over the last 30 months has proved difficult to contain and continues to drive a hot economy with demand outstripping the supply chain’s ability to keep up. Regarding demand, since 2020, the Federal Government has unleashed close to $5 trillion of stimulus related to the COVID19 Pandemic with…

U.S. equity markets shook off the brief “banking crisis” and a lackluster earnings reporting period to continue their march toward recovery, ending the half closing in on early 2022 highs with growth stocks outperforming in both large and small caps. This positive development unfolded as each subsequent month’s macro-economic data reports showed the rate of…

U.S. equity markets shook off the brief “banking crisis” and a lackluster earnings reporting period to continue their march toward recovery, ending the half closing in on early 2022 highs with growth stocks outperforming in both large and small caps. This positive development unfolded as each subsequent month’s macro-economic data reports showed the rate of…

The Russell 2500™ index returned 5.2% in the second quarter of 2023, as the potential downside risks associated with the regional bank crisis experienced in March decreased in likelihood as the quarter progressed. The theme of the quarter was the accelerating pace of investment in semiconductors that serve as the backbone of artificial intelligence (A.I.). We…

The Market In General: The second quarter of 2023 proved to be a period of strong gains for the US equity markets, driven by a combination of factors that bolstered investor confidence. Notably, there were significant declines in both headline and core inflation metrics, prompting the US Federal Reserve to take a measured approach and…

The Market In General: The second quarter of 2023 proved to be a period of strong gains for the US equity markets, driven by a combination of factors that bolstered investor confidence.  Notably, there were significant declines in both headline and core inflation metrics, prompting the US Federal Reserve to take a measured approach and…

The Market  The second quarter of 2023 witnessed several significant market events that shaped the U.S. economy.  First, the broader market surged, driven by robust corporate earnings and positive economic indicators, propelling major indices to all-time highs.  However, concerns over inflation and rising short-term interest rates led to increased market volatility, with investors closely monitoring…

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…

Equity markets saw broad-based strength during the second quarter of 2023.  For the quarter, the Russell 2500™ Value (R25V) Index increased 4.37%, the Russell 2500™ Growth (R25G) Index was up 6.41%, and the S&P® 500 Index (S&P) increased 8.74%. The Kennedy Capital Smid Cap Value (SMCV) composite rose 6.50 (gross of fees) and 6.34% (net of…

Much like the prior March quarter, the second quarter of 2023 was largely dominated by big-picture concerns around inflation, the path of Fed policy, and the potential for economic slowing.  While many individual market days and weeks were a little volatile, due to the backdrop of entering the period after a weak March (primarily on…

Equity markets saw broad-based strength during the second quarter of 2023. For the quarter, the Russell 2000® Value (R2V) Index increased 3.18%, the Russell 2000® Growth (R2G) Index was up +7.05%, and the S&P® 500 Index (S&P) increased 8.74%.  The Kennedy Capital Small Cap Value (SCV) composite rose 4.95% (gross of fees) and 4.73% (net of…