We successfully navigated through the 7% sell-off and high volatility caused by the escalated trade war and inverted yield curve and booked a realized 3.9% gain for August. The Pinnacle strategy sits at a +25.0% realized gain YTD. Watching how the market has whipsawed in the last 30 days, this is exactly why we have dialed back the exposure level of this strategy so we can handle these spikes in volatility. Until the trade war is behind us we will continue to experience periodic 5% to 7% sells-offs. This strategy is optimized for this “New Political Era” and can handle the spikes in volatility. Capital preservation and safety are a top priority.