Business
Virtus Ceredex Small-Cap Value Equity Fund Q3 2025 Commentary (SASVX)
1550539/iStock via Getty Images

Market Review
U.S. stock markets broadly advanced in the third quarter, led by a macro-driven “junk rally” in small-cap value stocks. The risk-on runup that began last quarter accelerated as investors continued broadly to shrug off fundamentals in favor of
