Category: Q2 2024

For 2Q, the Bank Sector Strategy returned 0.05% (gross of fees) -0.20 (net of fees) vs. the Russell 2000® Value Bank Subsector benchmark of -0.42%.  Year-to-date the Bank Sector Strategy has returned -2.34% (gross of fees) -2.82 (net of fees) vs. the Russell 2000® Value Bank Subsector benchmark of -6.60%.  Additional performance can be found in…

Broadly speaking, growing macro-economic concerns led to a further widening of the performance gap between large cap vs. small cap equity markets in the quarter, with the S&P 500® Index +4.3% (+15.3% YTD) vs. the Russell 2000® Index -3.3% (+1.7% YTD). This was largely a response to higher-than-expected monthly inflation data, which drove a back-up in…

Broadly speaking, growing macro-economic concerns led to a further widening of the performance gap between large cap vs. small cap equity markets in the quarter, with the S&P 500® Index +4.3% (+15.3% YTD) vs. the Russell 2000® Index -3.3% (+1.7% YTD). This was largely a response to higher-than-expected monthly inflation data, which drove a back-up in…

The Russell 2500™ index declined -4.27% in the second quarter of 2024, with broad-based negative returns across sectors. Within the index, Consumer Discretionary -7.18% and Materials -6.50% were under the most pressure, while Utilities +6.17% was the lone sector to contribute a positive return.  It’s worth noting that the bulk of the upside in Utilities was…

The Russell 2500™ index declined -4.27% in the second quarter of 2024, with broad-based negative returns across sectors. Within the index, Consumer Discretionary -7.18% and Materials -6.50% were under the most pressure, while Utilities +6.17% was the lone sector to contribute a positive return.  It’s worth noting that bulk of the upside in Utilities was driven…

The Market: US small-cap stocks gave up some of their gains in the second quarter, but remained positive for the year. After several disappointing inflation readings in the first months of 2024, we saw a return to the disinflation trend that began last year. Along with the positive news regarding prices, we continued to see…

The Market: US small-cap stocks gave up some of their gains in the second quarter but remained positive for the year. After several disappointing inflation readings in the first months of 2024, we saw a return to the disinflation trend that began last year. Along with the positive news regarding prices, we continued to see…

Market Review The Russell Microcap® Index decreased -5.27% in the second quarter of 2024, as investors adjusted to the reality that inflation is likely to remain elevated, and fewer, if any, interest rate cuts may occur this year. Consumer Staples led the way in the Russell Microcap® index during the quarter, returning 6.24%. Specifically, within…

Market Review The Russell Microcap® Index decreased -5.27% in the second quarter of 2024, as investors adjusted to the reality that inflation is likely to remain elevated for longer and fewer, if any, interest rate cuts may occur this year. Consumer Staples led the way in the Russell Microcap® index during the quarter, returning 6.24%.…

During the first half of 2024, the US stock market experienced a mix of volatility and growth, impacted by a range of economic and geopolitical factors. During most of the six-month period, the economy and inflation continued to run hot even with the recent headwinds from higher interest rates, as the Federal Reserve continued to…

The Kennedy Capital Mid Cap Value (MCV) composite declined 9.05% (net of fees) during the quarter, versus a decline of 3.40% for the Russell Midcap® Value Index (RMV).  For the rolling 12-month period, the MCV composite returned 10.95% (net of fees), compared to the RMV’s return of 11.98%. Additional performance information included in the table…

Equity market performance was mixed during the 2nd quarter of 2024.  For the quarter, the Russell 2500™ Value (R25V) Index declined 4.31% and the Russell 2500™ Growth (R25G) Index declined 4.22%.  Large cap performance outpaced small caps, with the Russell 1000® up +3.57% compared to the Russell 2000® return of -3.28%. The Kennedy Capital Smid Cap…

Equity market performance was mixed during the 2nd quarter of 2024.  For the quarter, the Russell 2000® Value (R2V) Index declined 3.64%, and the Russell 2000® Growth (R2G) Index declined 2.92%.  Large cap performance outpaced small caps, with the Russell 1000® up 3.57% over the period.  The Kennedy Capital Small Cap Value (SCV) composite returned -2.85% net…