Category: Q3 2024

Equity market performance was robust during the 3rd quarter of 2024.  For the quarter, the Russell 2500™ Value (R25V) Index increased 9.63%.  Small caps notably outperformed large caps, with the Russell 2000® up +9.27% versus the Russell 1000® return of +6.08%. Markets were lifted by the Federal Reserve’s decision to reduce the Federal Funds rate…

Small-capitalization stocks posted strong returns in the third quarter, outperforming large-caps, and clawing back a small amount of the year-to-date underperformance. While the end result was satisfying, the intra-quarter path was very volatile as the market see-sawed between various data-points that reflected improving inflation trends, resilient GDP growth, negative earnings revisions, conflicting labor data, and…

The Russell 2500™ Index returned 8.75% in the third quarter of 2024. In a reversal from the second quarter, small and midcap stocks experienced a meaningful rally with every sector but Energy delivering a positive return.   The strongest-performing sectors in the index were Real Estate (+17.76%) and Utilities (+14.23%), while Energy (-7.61%) and Consumer Staples (+2.62%)…

Equity market performance was robust during the 3rd quarter of 2024.  For the quarter, the Russell 2000® Value (R2V) Index increased 10.15%.  Small caps notably outperformed large caps, with the Russell 2000® up 9.27% versus the Russell 1000® return of 6.08%.  Markets were lifted by the Federal Reserve’s decision to reduce the Federal Funds rate by…

The Market: In the third quarter, small-cap stocks posted strong returns, building on their year-to-date gains. Inflation continued to ease, and despite some volatility in labor market data, the US economy consistently added jobs. Additionally, economic growth indicators remained robust. This combination of stabilizing prices and a steadying labor market led the US Federal Reserve…

The Market: In the third quarter, small-cap stocks posted strong returns, building on their year-to-date gains. Inflation continued to ease, and despite some volatility in labor market data, the US economy consistently added jobs. Additionally, economic growth indicators remained robust. This combination of stabilizing prices and a steadying labor market led the US Federal Reserve…

Small-capitalization stocks posted strong returns in the third quarter, outperforming large-caps, and clawing back a small amount of the year-to-date underperformance. While the end result was satisfying, the intra-quarter path was very volatile as the market see-sawed between various data-points that reflected improving inflation trends, resilient GDP growth, negative earnings revisions, conflicting labor data, and…

Market Review The Russell Microcap® Index returned 8.29% in the third quarter of 2024, as optimism regarding a more accommodative monetary policy from the U.S. Federal Reserve and indications of economic resilience buoyed U.S. equity prices. Reflecting the outlook for lower rates, the Real Estate, Financials and Health Care sectors were the best performers in…

Market Review The Russell Microcap® Index returned 8.29% in the third quarter of 2024, as optimism regarding a more accommodative monetary policy from the U.S. Federal Reserve and indications of economic resilience buoyed U.S. equity prices. Reflecting the outlook for lower rates, the Real Estate, Financials and Health Care sectors were the best performers in…

The Russell 2500™ Index returned 8.75% in the third quarter of 2024. In a reversal from the second quarter, small and midcap stocks experienced a meaningful rally with every sector but Energy delivering a positive return.   The strongest-performing sectors in the index were Real Estate (+17.76%) and Utilities (+14.23%), while Energy (-7.61%) and Consumer Staples (+2.62%)…

For 3Q, the Bank Sector Strategy returned 18.50% (gross of fees) and 18.20 (net of fees) vs. the Russell 2000® Value Bank Subsector benchmark of 16.63%.  Year-to-date the Bank Sector Strategy has returned 15.73% (gross of fees) and 14.86% (net of fees) vs. the Russell 2000® Value Bank Subsector benchmark of 8.94%.  Additional performance can be…

Equity market performance was robust during the 3rd quarter of 2024.  For the quarter, the Russell Midcap® Value (RMV) Index increased 10.1%.  Small caps notably outperformed large caps, with the Russell 2000 up +9.3% versus the Russell 1000 return of +6.1%.  Markets were lifted by the Federal Reserve’s decision to reduce the Federal Funds rate by…