Crescat Capital commentary for the month of October 2018, discussing the performance of Crescat’s hedge funds. October was a frightening month for investors around the world. From Hong Kong to New York, stock markets were slammed by a wave of fears about slowing growth, trade wars, and higher interest rates. The Nasdaq took the brunt of the damage. Stocks like Amazon and Netflix both lost around one-fifth of their value as the Nasdaq Composite tumbled 9.2% in October. That’s the biggest monthly drop for the Nasdaq since November 2008.