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No. 4574:

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Permanent URL: https://mezzacotta.net/postcard/?comic=4574

Extracted from the original commentary document by: David Morgan-Mar

The author writes:

Figures from the January-March quarter show that it consisted of 3 months, two with 31 days and one with 28, for a total of 90 days, which was approximately one quarter of a year, although performing substantially below expectation.

Things improved in the April-June quarter, with 91 days, a marginal gain of 1.11% over the previously established base rate. This pushed the statistics close to half a year for the two quarters, but still somewhat surprisingly falling short of promised return on investment.

The July-September quarter continued the growth trend, totalling 92 days, and establishing a linear growth pattern in the market valuation over time. This attracted investors, who found the expected return on investment attractive under the currently volatile conditions.

There was a stabilisation in the October-December quarter, which again came in at 92 days, with two months of 31 and one of 30. Although disappointing in not following the previously established growth direction, performance was still above the quarterly average, thus ensuring that market watchers would remain interested in this asset for the short to medium term.