“There is the conventional wisdom that as the Fed cuts interest rates that it directly benefits small cap names due to the fact that many have higher debt levels on their balance sheet and therefore should see the tailwinds associated with it. However, remember that all these issues are reflective of accounting practices and don’t have as much to do with the fundamentals of a business – both operationally and competitively.”
Each quarter, Jon Christensen, Portfolio Manager and Senior Research Analyst provides an update on the performance of the Mid Cap Core strategy and shares his market outlook. Listen to his most recent episode where Jon recaps market activity during 3Q 2024, with a focus on:
- The recent bifurcation in the markets from large cap names
- Primary contributors and detractors to the Mid Cap Core strategy performance
- Evaluating businesses that can execute competitive strengths in both good and challenging times
For more insights, read our 3Q 2024 Commentary or subscribe to KayneCast where we provide the latest updates from the KAR Investment Team on our investment strategies.
KayneCast is available on Apple Podcasts and Spotify.
