Conestoga Capital Advisors’ Q1 2025 Investor Letter

Conestoga Capital Advisors, an asset management company, released its first-quarter 2025 investor letter. Equity markets started the year with a rally due to optimism about a strong economy and expectations of moderating inflation and lower interest rates. However, concerns over slowing earnings from major Technology companies, geopolitical tensions, and an upcoming announcement on tariffs led to a sharp decline in equities by the end of the first quarter. Investors sought safety, driving...