“Our main concern remains the inflationary nature of tariffs and a potential impact on consumer spending-the key driver of the U.S. economy. Thus far inflation in the U.S. has been trending close to the Fed’s stated goal of 2 percent but June CPI data released in mid-July does suggest stronger evidence of tariff pass-through in several core goods categories such as household appliances and home furnishings.”
Each quarter, Julie Kutasov, Portfolio Manager and Senior Research Analyst provides an update on the performance of the Small Cap Quality Value strategy and shares her market outlook. Listen to her most recent episode where Julie recaps market activity during 2Q 2025, focusing on these areas:
- Early signs of tariff impact may have been limited, but we remain concerned about the inflationary nature of tariffs
- Primary contributors and detractors to the Small Cap Quality Value strategy
- Views on earnings growth and areas of strength and weakness
For more insights, read our 2Q 2025 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.
