“The market is driven by earnings expectations that are closely tied to the interest rate and, consequently, general economic outlook. Small and medium-sized companies tend to be more economically and interest rate sensitive.”

Each quarter, Julie Kutasov, Portfolio Manager and Senior Research Analyst provides an update on the performance of the Small-Mid Cap strategy and shares her market outlook. Listen to her most recent episode where Julie recaps market activity during 4Q 2024, focusing on:

• The outlook for limited rate cuts in 2025 and the impact of elevated borrowing costs
• The primary contributors and detractors to Small-Mid cap strategy
• The diverse characteristics within the SMID universe

For more insights, read our 4Q 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.