Carillon Scout Mid Cap Fund Q3 2024 Commentary

Summary

• The Russell Midcap Index rose in the third quarter as investors bid up U.S. stocks, likely due to the anticipated start of a global monetary easing cycle and solid economic data.
• The top contributor to return for the quarter was Palantir Technologies, which provides analytics software for government defense programs and private companies.
• We remain in the 'soft landing' camp - expecting the U.S. economy to slow without a full-blown recession - and we believe this expectation is supported by the start of a global monetary easing cycle.

Guido Mieth

Market Overview

The Russell Midcap® Index rose in the third quarter as investors bid up U.S. stocks, likely due to the anticipated start of a global monetary easing cycle and solid economic data. Sector returns were broadly positive within mid-cap companies outside