Kernow Asset Management tear sheet for the month ended August 31, 2024.
The strategy delivered 2.3% in August as global markets took fright.
The MAG 7 wobbled. Japan experienced its steepest one-day stock market drop since Black Monday in 1987. It plummeted 12% in a single session. The VIX fear gauge spiked from 12 to 65. This was its highest level since the COVID-19 pandemic. Yet, within a week, global markets were back to normal. Serenity as if nothing had happened. Such is the fascinating nature of markets.
