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: OilWorldWide-> August: -0.95% , QTD: 0.03% YTD: 10.14%
Benchmark (SPGOGUP - S&P Global Oil Index) -> August: -1.62% , QTD: -0.60% YTD: 5.71%
Best Performer: $OKE (ONEOK Inc) 12.17%
Worst Performer: $HAL (Halliburton Co) -10.35%
Portfolio Indicated Dividend Yield: 4.09%
❓ Check out the portfolio fact sheet by clicking the following link: bullaware.com/factsheet/OilWorldWide
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
