Dear Investors,
Here is your monthly update for August 2024 ✨
August 2024 started with extreme volatility in global markets, with fears of a hard landing in the US economy and the expectancy of bigger rate cuts. During the month, markets recovered most of the losses, leading to a powerfull rally in most stock indexes.
During the Jackson Hole meeting, Jerome Powell made it clear that interest rate cuts are coming soon.
Gold reached all-time highs, while Oil and cryptoassets fell.
💭 Find out more about what happened in August with eToro's Smart Portfolios Monthly summary here: etoro.turtl.co/story/etoros-investment-office-performance-report-aug24/
Performance Stats: Buybacks-> August: 2.73% , QTD: -0.12% YTD: -
Benchmark (SPX - S&P 500 INDEX) -> August: 2.28% , QTD: 3.44% YTD: 18.42%
Best Performer: $DASH.US (DoorDash Inc) 16.25%
Worst Performer: $LRCX (Lam Research Corp) -10.88%
Portfolio Indicated Dividend Yield: 0.56%
❓ Check out the portfolio fact sheet by clicking the following link: bullaware.com/factsheet/Buybacks
This Smart Portfolio is a long-term investment vehicle. Therefore, since market trends can change over time, you should set realistic goals and assess your investment performance over a prolonged period.
Please remember past performance is not indicative of any future performance.... Show More
