Quarterly report
Small-caps and Value outperform during volatile quarter for equities
Declining yields, continued disinflation and resilient economic growth provided the macro backdrop for US equity performance in Q3. The Fed entered the monetary easing fray with a hefty 50 bp first rate cut. The tech rally seemed to stall as equity performance broadened to lagging market segments.
Key highlights:
- Small-caps lead in Q3
- Value outperforms Growth
- Real Estate shines
- Earnings outlook mixed
- Valuations re-rate
- Russell IPO inclusion activity holds steady
Authored by FTSE Russell’s Global Investment Research team, this quarterly publication provides a deep-dive into the performance and key market drivers of US equities, viewed through the lens of Russell large-cap (Russell 1000), small-cap (Russell 2000), Growth and Value indexes. It's part of a series of reports, available by email as soon as they are published.
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