Macro Observations Portfolio Performance Outlook

Market Review & Macro Observations Impacts on Portfolio Performance Portfolio Changes Opportunities & Looking Forward

Macro Observations Portfolio Performance Outlook

Market Review & Macro Observations Impacts on Portfolio Performance Portfolio Changes Opportunities & Looking Forward

MARKET REVIEW & MACRO OBSERVATIONS In 3Q24, the Russell 3000 returned 6.23%, the Russell Midcap Growth returned 6.54%, and the S&P MidCap 400 returned 6.94% with positive contributions from most sectors. For the year-to-date ended September 30, the Russell 3000 returned 20.63%, the Russell Midcap Growth returned 12.91%, and the S&P MidCap 400 returned 13.54%. […]

MACRO OBSERVATIONS The broadening of the equity markets is good for small-cap stocks and something we have been expecting as the economy remains resilient as inflation cools. The Federal Reserve began to cut interest rates, which should support risk asset valuations over the long term. Small-cap company management teams seem more upbeat than they have […]

MARKET REVIEW & MACRO OBSERVATIONS In 2Q24, the S&P MidCap 400 declined -3.45%, the Russell MidCap Growth declined -3.21%, and the Russell 3000 increased 3.22%. The Russell 3000 provides exposure to the largest 3,000 U.S.-listed companies. Effective June 30, mutual funds are required by the SEC to issue Tailored Shareholder Reports (TSR). As part of […]

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 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 […]