Ashva Capital Management commentary for the month of November 2022.
Q3 2022 hedge fund letters, conferences and more
Dear Limited Partner,
September lived up to its reputation as typically being the worst month of the year in terms of market performance. The S&P500 ended 3Q 2022 at 3,585.62, down (9.34%) from August 2022. Thus, the S&P500 ended 3Q 2022 down (24.77%) year-to-date. The current market drawdown is the longest we’ve experienced since the 2007-09 bear market. There is a litany of reasons for the torrid performance of the equity market ranging from inflation, war, an overzealous Fed and an overall global economic slowdown.
Signs of A Market Bottom
Given the resounding...
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