Kernow Asset Management tear sheet for the month ended September 30, 2024.
The strategy declined 1.5% last month as many participants sat on their hands waiting for the upcoming UK budget on 30 October.
No comfort was gained from knowing the ninth month of the year has historically been the worst for the UK stock market. Primarily, we had false starts at Card Factory PLC (LON:CARD) and Videndum PLC (LON:VID). Recovery from the Hollywood writer's strike is taking longer than expected at the latter. Higher wage costs hit the former. Doubt has crept back into these share prices. For Card Factory’s growth...
