MACRO OBSERVATIONS The broadening of the equity markets is good for small cap stocks and something we have been expecting as inflation cools and the expectation of a rate cut is closer on the horizon. Money flows into the small cap asset class have improved. It does not take much investor demand to move small […]

MARKET REVIEW & MACRO OBSERVATIONS In 1Q24, the Russell 2000 Growth returned 7.58%, the Russell 2000 returned 5.18% and the S&P 500 returned 10.56%. Inflation in January and February was over 3.0%, above the Federal Reserve’s 2.0% target.1 Expectations for GDP growth increased slightly in 1Q24. At the beginning of the year, the Atlanta Fed’s […]

MARKET REVIEW & MACRO OBSERVATIONS In 1Q24 the S&P 500 returned 10.56%, the S&P MidCap 400 returned 9.95%, and the Russell 2000 returned 5.18%. Inflation in January and February was over 3.0%, above the Federal Reserve’s 2.0% target.1 Expectations for GDP growth increased slightly in 1Q24. At the beginning of the year, the Atlanta Fed’s […]

MACRO OBSERVATIONS Inflation has significantly improved, but the headwinds of elevated costs in housing, food, and labor remain a challenge. We anticipate the Federal Reserve has finished raising rates and will begin to cut rates later in the year. The next few quarters should allow the economy to continue to digest the impact of higher […]

MACRO OBSERVATIONS Inflation has significantly improved, but the headwinds of elevated costs in housing, food, and labor remain. We believe the Federal Reserve is finished raising rates and will begin to cut rates in summer 2024. The next few quarters should allow the economy to continue digesting the impact of higher interest rates. Global economic […]

MARKET REVIEW & MACRO OBSERVATIONS In 4Q23, the S&P MidCap 400 returned 11.67%, the Russell 2000 returned 14.03%, and the S&P 500 returned 11.69%. In September, the Federal Reserve indicated the possibility of one more rate increase in 20231, and the markets were weak in October. Markets rallied after the November Fed meeting when rates […]

MARKET REVIEW & MACRO OBSERVATIONS In 4Q23, the Russell 2000 Growth returned 12.75% and the Russell 2000 returned 14.03%. In September, the Federal Reserve indicated the possibility of one more rate increase in 20231, and the markets were weak in October. Markets rallied after the November Fed meeting when rates remained at 5.25% – 5.50%. […]

MACRO OBSERVATIONS Inflation has improved, but the challenges of elevated costs in housing, food, and labor remain. We anticipate that the Federal Reserve may raise rates one more time, although the long end of the yield curve has risen substantially. The next few quarters should allow the economy to digest the impact of higher interest […]

MARKET REVIEW In 3Q23, the S&P 500 Index lost 3.27%, the S&P MidCap 400 lost 4.20%, and the Russell 2000 lost 5.13%. In July, the Federal Reserve raised interest rates 25 bps to 5.25% – 5.50% and then paused in September. The Fed indicates that there could be one more rate increase in 2023.1 10-year […]

MARKET REVIEW In 3Q23, the Russell 2000 Growth and Russell 2000 Indices were down 7.32% and 5.13%, respectively, and the S&P 500 lost 3.27%. In July, the Federal Reserve raised interest rates 25 bps to 5.25% – 5.50% and then paused in September. The Fed indicates that there could be one more rate increase in […]