Senvest Capital 2015 Annual LetterVW Staff
Senvest Capital annual letter for the year ended December 31, 2015.
Senvest Capital - Overall Performance
The fourth quarter began with equity markets increasing in October and the S&P 500 having its best monthly performance in four years. After tepid August and September U.S. macroeconomic data, job growth surged for October with a gain in payrolls far greater than expected (271k jobs vs. 180k according to a Reuter’s poll of economists). Unemployment declined to 5% and perhaps more significantly, wages gained at an annual pace of 2.5%. Domestic markets reacted adversely to the good news, however . . .
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