What’s Going on in the Wide World of Cognac

Dear Client:   The Cognac category has seen more than its fair share of volatility in the last few years, gaining a huge boost during the pandemic before crashing back down with value growth at an all-time low in 2023.  "No other category we cover has had the same level of volatility, especially in recent years with both major markets [the US and China] in turmoil; but we still believe in the long-term story," writes Bernstein in a recent Cognac