Category: SMID Cap Value Commentaries

Historical commentaries are available upon request, please e-mail marketing@kennedycapital.com

SMID Cap Value – Q1 2024 Commentary

April 22nd, 2024
Equity markets posted positive returns during the 1st quarter of 2024.  For the quarter, the Russell 2500™ Value (R25V) Index increased +6.07% and the Russell 2500™ Growth (R25G) Index was up 8.51%.  The spread between large cap and small cap returns continued to widen, with the Russell 1000® Index (large) returning +10.30%, compared to the…

SMID Cap Value – Q4 2023 Commentary

January 22nd, 2024
Equity markets rose sharply during the 4th quarter of 2023.  The Russell 2500™ Value (R25V) Index increased 13.76%, the Russell 2500™ Growth (R25G) Index was up 12.59%, and the S&P 500® Index (S&P) rose 11.69%.  Markets reacted positively to the Federal Reserve’s decision to hold its policy rate in the 5.25-5.50% range, as well as commentary from Fed…

SMID Cap Value – Q3 2023 Commentary

October 23rd, 2023
Equity markets posted negative returns during the 3rd quarter of 2023.  For the quarter, the Russell 2500™ Value (R25V) Index declined 3.66%, the Russell 2500™ Growth (R25G) Index was down 6.84%, and the S&P 500® Index (S&P) fell 3.27%.  The spread between large cap and small cap returns remains historically wide.  Year to date, the…

SMID Cap Value – Q2 2023 Commentary

July 24th, 2023
Equity markets saw broad-based strength during the second quarter of 2023.  For the quarter, the Russell 2500™ Value (R25V) Index increased 4.37%, the Russell 2500™ Growth (R25G) Index was up 6.41%, and the S&P® 500 Index (S&P) increased 8.74%. The Kennedy Capital Smid Cap Value (SMCV) composite rose 6.50 (gross of fees) and 6.34% (net of…

SMID Cap Value – Q1 2023 Commentary

April 25th, 2023
Equity market performance was mixed during the first quarter of 2023.  For the quarter, the Russell 2500™ Value (R25V) Index increased 1.40%, the Russell 2500™ Growth (R25G) Index was up 6.54%, and the S&P 500® Index (S&P) increased 7.46%. The Kennedy Capital Smid Cap Value (SMCV) composite rose 1.56% (net of fees) during the quarter, outperforming…

SMID Cap Value – Q4 2022 Commentary

January 27th, 2023
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,…

SMID Cap Value – Q3 2022 Commentary

October 21st, 2022
US equity market performance was mixed in the third quarter of 2022, with most major market indices down low single digits on a percentage basis over the three-month period.  The Russell 2500™ Value (R25V) Index declined 4.50%, the Russell 2500™ Growth Index was down 0.12%, and the S&P® 500 Index fell 4.88%.  The quarter was…