Category: Q4 2022

While Q4 provided a welcome reprieve and possibly the first indication that we can begin to look forward to a market backdrop that is more constructive for individual stock-selection, as a whole 2022 was a disappointing year for investors, particularly those investing in growth-oriented strategies.  Excessive inflation was the main culprit – a result of…

While Q4 provided a welcome reprieve and possibly the first indication that we can begin to look forward to a market backdrop that is more constructive for individual stock-selection, as a whole 2022 was a disappointing year for investors, particularly those investing in growth-oriented strategies.  Excessive inflation was the main culprit – a result of…

The Russell 2500™ index returned 7.4% in the fourth quarter of 2022 as optimism grew regarding a potential for a less restrictive US Federal Reserve monetary policy 2023.  European demand across a broad range of industries has been more resilient than expected, and many companies are beginning to experience improvement in supply chain reliability and a…

The Market In General: US stocks finished the year on a positive note with small cap equities posting a gain in the fourth quarter.  The optimism was driven by headline and core inflation beginning to trend down after a series of unwelcome upside surprises.  While inflation started to move in the right direction, the US…

The Market In General: US stocks finished the year on a positive note with small cap equities posting a gain in the fourth quarter.  The optimism was driven by headline and core inflation beginning to trend down after a series of unwelcome upside surprises.  While inflation started to move in the right direction, the US…

The Market  The theme has once again been the direction and tenor of inflation.  The Federal Reserve is in the powerful yet tenuous position of modulating inflation while retaining some modicum of economic vitality.  Management teams and their operating groups are beginning to conquer the disarray of the supply chain that reigned over 2022.  Then…

Market Review The Russell Microcap® Index increased 4.72% in the fourth quarter of 2022 as markets began pricing a potential for peak inflation and slowing interest rate hikes in 2023. During fourth quarter, only one sector, consumer staples, declined in the benchmark, while the top 3 sectors – energy, materials, and industrials– all generated double-digit increases.…

After lying dormant for decades, the resurrection of high inflation during 2022 was a shock to nearly all markets from equities to bonds to cryptocurrencies to even cash. The S&P® 500, Nasdaq Composite and Russel 2000® declined 18.1%, 33.1% and 20.4%, respectively, for the year. Bonds were hit by higher interest rates as the yield on…

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…

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 2500™ Value (R25V) Index rose 9.21%, the Russell 2500™ Growth (R25G) Index was up 4.72%, and the S&P® 500 Index (S&P) increased 7.56%.  In contrast, for the year,…

In many respects, and for many investors and market observers, 2022 is perhaps a year best put into the rear-view mirror; challenging absolute equity returns and little help from the fixed income side of many investment portfolios left some room to be desired.  To turn the year, without our usual practice of reflecting on the…

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 2000® Value (R2V) Index rose 8.42%, the Russell 2000® Growth (R2G) Index was up 4.13%, and the S&P® 500 Index (S&P) increased 7.56%.  In contrast, for the year,…