Kernow Asset Management – January Performance Update

Kernow Asset Management’s performance update for the month ended January 31, 2023. Q4 2022 hedge fund letters, conferences and more The strategy gained 6.8% in January as China’s bull market boosted global demand and market optimism. Views on interest rates have become polarised. The Fed sees inflation moderating without plummeting, meaning interest rates will continue to nudge upwards. Conversely, markets see inflation dropping like a stone and are screaming at the US Central Bank to stop rate rises or risk stalling the economy. Back home in Blighty, many retailers delivered record Christmas retail sales, energy prices have fallen precipitously, and…