Category: Q2 2025

U.S. small-cap equities posted strong gains in the second quarter. After the U.S. administration’s tariff pronouncements sparked early April’s sell-off, the market rebounded once investors recognized the steep rates were more a negotiating tactic than permanent policy. A temporary 90-day rollback created room for talks, and while broader resolutions remain uncertain, several smaller trade deals…

U.S. small-cap equities posted strong gains in the second quarter. After the U.S. administration’s tariff pronouncements sparked early April’s sell-off, the market rebounded once investors recognized the steep rates were more a negotiating tactic than permanent policy. A temporary 90-day rollback created room for talks and minimally will stagger any additional inflationary impacts further into…

The Russell 2500™ Index returned 8.59% in the second quarter of 2025, as investors took a less bearish view on the potential for tariff impacts and corporate financial results were generally better than feared.   With the exception of Energy and Real Estate, every benchmark sector delivered a positive return during the quarter.  Information Technology (+18.82%) and…

The Russell 2500™ Index returned 8.59% in the second quarter of 2025, as investors took a less bearish view on the potential for tariff impacts and corporate financial results were generally better than feared.   Except for Energy and Real Estate, every benchmark sector delivered a positive return during the quarter.  Information Technology (+18.82%) and Industrials (+13.75%)…

The Market: U.S. small-cap equities posted strong gains in the second quarter. After the U.S. administration’s tariff pronouncements sparked early April’s sell-off, the market rebounded once investors recognized the steep rates were more a negotiating tactic than permanent policy. A temporary 90-day rollback created room for talks, and while broader resolutions remain uncertain, several smaller…

Market Review The Russell Microcap® Index returned 15.51% in the second quarter of 2025, driven by improving sentiment regarding the potential impact of changes in U.S. trade policy and strong performance from several early stage and AI-oriented index constituents.  In a reversal from Q1, the Information Technology sector was the best performer in the index during…

Market Review The Russell Microcap® Index returned 15.51% in the second quarter of 2025, driven by improving sentiment regarding the potential impact of chances in U.S. trade policy and strong performance from several early stage and AI-oriented index constituents.  In a reversal from Q1, the Information Technology sector was the best performer in the index during…

Equity markets were sharply higher during the 2nd quarter of 2025.  Large caps outperformed small caps over the three-month period, with the Russell 1000® Index up 11.11%, compared to the Russell 2000® Index up 8.50%.  The Kennedy Mid Cap Value (MCV) composite returned 2.12% (gross of fees) 1.98% (net of fees) during the quarter, trailing the…

Equity markets were sharply higher during the 2nd quarter of 2025.  The Russell 2500™ Value (R25V) Index rose 7.29%, and the Russell 2500™ Growth (R25G) Index rose 11.31%.  Large caps outperformed small caps over the three-month period, with the Russell 1000® Index up 11.11%, compared to the Russell 2000® Index up 8.50%. The Kennedy Capital Smid Cap Value…

Equity markets were sharply higher during the 2nd quarter of 2025.  The Russell 2000® Value (R2V) Index rose 4.97%, and the Russell 2000® Growth (R2G) Index rose 11.97%.  Large caps outperformed small caps over the three-month period, with the Russell 1000® Index up 11.11%, compared to the Russell 2000® Index up 8.50%.    The Kennedy Capital Small…

During the first half of 2025, the US stock market experienced extraordinary volatility as investors grappled with trade tensions and geopolitical risks in the Middle East and Ukraine. Leading the uncertainty in the first half was the return of aggressive US tariffs under the newly elected Trump administration which triggered threats of reciprocal tariffs from…

For 2Q, the Bank Sector Strategy returned 3.15% (gross of fees) and 2.89% (net of fees) vs. the Russell 2000® Value Bank Subsector benchmark of 4.14%.  Year-to-date the Bank Sector Strategy has returned -0.80% (gross of fees) and -1.30% (net of fees) vs. the Russell 2000® Value Bank Subsector benchmark of -1.55%.  Additional performance can be…