Insights
In this episode of KanyeCast, Steve Rigali, Executive Managing Director with Kanye Anderson Rudnick, speaks with Craig Thrasher, Portfolio Manager for the KAR International Small Cap strategy. Thrasher provides stock market commentary with a focus on the strengthening European market.
Eurozone Enters a Technical Recession but Inflation Begins to Abate
Higher inflation, interest rates, and energy prices pushed the Eurozone into a much-anticipated technical recession in early 2023. By Q2 2023, however, the market saw inflation abate, and European small cap stocks rallied substantially.
Volatility and Uncertainty Can Create Opportunities in International Markets
Thrasher hopes to see the market driven less by headlines about inflation and interest rates and more by fundamentals in the second half of 2023, which he believes would benefit international small cap investing. He believes that the volatility and uncertainty that impacted the market during 2022 may offer exciting opportunities for investors—opportunities that the KAR International Small Cap strategy seeks to capitalize on by investing in exceptional businesses trading at attractive valuation levels.
For more insights, read our Q2 2023 Commentary, subscribe to Kaynecast where we provide the latest updates on our investment strategies, or listen to the podcast for Thrasher’s complete stock market commentary.
This information is being provided by Kayne Anderson Rudnick Investment Management, LLC (“KAR”) for illustrative purposes only. Information contained in this material is not intended by KAR to be interpreted as investment advice, a recommendation or solicitation to purchase securities, or a recommendation of a particular course of action and has not been updated since the date of the material, and KAR does not undertake to update the information presented should it change. This information is based on KAR’s opinions at the time of the recording of this material and are subject to change based on market activity. There is no guarantee that any forecasts made will come to pass. KAR makes no warranty as to the accuracy or reliability of the information contained herein. Past performance is no guarantee of future results.
