Category: Small Cap Growth Commentaries
Historical commentaries are available upon request, please e-mail marketing@kennedycapital.com
Small Cap Growth – Q2 2023 Commentary
July 24th, 2023
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…
Small Cap Growth – Q1 2023 Commentary
April 25th, 2023
As anticipated entering the year, macro-economic news continues to dominate the headlines and is driving a high level of equity market volatility. The year started off strong, extending the rebound that started in Q4 . . . until the strains from the record pace of interest rate increases finally caused something to “break”: two regional…
Small Cap Growth – Q4 2022 Commentary
January 27th, 2023
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…
Small Cap Growth – Q3 2022 Commentary
October 21st, 2022
Quarter Summary: It was another difficult (and volatile) quarter for U.S. equity market returns, driven by macro factors as the peak and duration of higher interest rates continue to be debated and absorbed into both valuations and future earnings expectations. Broad inflation measures (CPI/PPI) continued to come in hot and the Federal Reserve aggressively increased…