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Quarterly Stock Market Commentary for Q3 2024

Quarterly Stock Market Commentary for Q3 2024

November 5, 2024

Every quarter, our portfolio managers and research analysts provide in-depth analysis and insightful stock market commentary, analyzing performance, and discussing the latest trends and behaviors impacting the market.

At KAR, we offer high-conviction investment strategies focusing on quality businesses within the small cap, mid cap, large cap, and international asset classes.

In our Q3 2024 discussion roundup, you’ll find individual recaps of several of our actively managed strategies, all recorded in our podcast, KayneCast. By subscribing to KayneCast, you’ll be automatically notified when future updates become available, ensuring you’ll always stay informed and up to date on our investment strategies.

You can read the full Q3 2024 market review or revisit our past quarterly market review podcast episodes:

To learn more about KAR’s investment management services, contact our team today.

Q3 2024 Stock Market Recap

During this quarter’s podcast, Julie Biel, Chief Market Strategist, highlights the different businesses investors gravitated towards during the quarter and what she believes are the benefits of a diversified portfolio beyond the Magnificent 7. Julie discusses the initial impact of the Fed’s interest rate reduction in September and how this might affect small and medium sized companies. Looking forward to 2025, Julie shares her views on whether consensus expectations are realistic and if she remains optimistic or concerned moving forward.

KAR Contributors: Julie Biel, Ben Falcone

Listen to the full discussion in episode 263 of KayneCast or read the complete Q3 2024 Market Review Summary.

Q2 2024 Strategy Review

Episode 264: The Bigger Picture
KAR Mid Cap Core
Contributors: Jon Christensen, Ben Falcone

Episode 265: Small Cap Upswing
KAR Small Cap Core
Contributors: Jon Christensen, Ben Falcone

Episode 266: This Quarter Was Different
KAR Small Cap Quality Value Core
Contributors: Julie Kutasov, Ben Falcone

Episode 267:  A Change in Direction
KAR Small Mid Cap Core
Contributors: Julie Kutasov, Ben Falcone

Episode 268:  Are We Hitting an Inflection Point in Growth Trajectories?
KAR Mid Cap Sustainable Growth
Contributors: Chris Armbruster, Ben Falcone

Episode 269: The Other Side of the Same Coin
KAR International Small Cap
Contributors: Craig Thrasher, Ben Falcone

Episode 270: What Will Be the New Normal for Interest Rates?
KAR Global Dividend Yield
Contributors: Richard Sherry, Ben Falcone

 

 

Large-capitalization stocks are represented by the S&P 500® Index which is a market capitalization weighted index which includes 500 of the largest companies in leading industries of the U.S. economy. Growth stocks are represented by the Russell 1000® Growth Index which is a market capitalization-weighted index of growth-oriented stocks of the 1,000 largest companies in the Russell Universe, which comprises the 3,000 largest U.S. companies. Value stocks are represented by the Russell 1000® Value Index which is a market capitalization-weighted index of value-oriented stocks of the 1,000 largest companies in the Russell Universe, which comprises the 3,000 largest U.S. companies. Small-capitalization stocks are represented by the Russell 2000® Index which is a market capitalization-weighted index of the 2,000 smallest companies in the Russell Universe, which comprises the 3,000 largest U.S. companies. The indices are unmanaged, their returns do not reflect any fees, expenses, or sales charges, and they are not available for direct investment. This report is based on the assumptions and analysis made and believed to be reasonable by Advisor. However, no assurance can be given that Advisor’s opinions or expectations will be correct. This report is intended for informational purposes only and should not be considered a recommendation or solicitation to purchase securities.  Past performance is no guarantee of future results.

 

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.

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