livermorepartners
Livermore Partners’ David Neuhauser interview with CNBC, discussing that energy is a sector that screams value while the rest of the market is still in a bit of a malaise. Dear Partners and Friends, It’s already been a wild year. Especially this past month. Still, we expect volatility to continue and the potential for further downside to equities as the FED looks to re-calibrate interest rates in a high inflation world. More flames out today with CPI ticking up to 9.1% which was a huge negative print. It helped provide further market weakness for both equities and the short end of the Treasury...
ValueWalk
Livermore Partners update for the month of May 2022, titled, “The World Is On Fire.” To Partners, May continued to be a very volatile time in the market and one with sharp downdrafts and rallies… All in all, markets ended the month right where they started. Near flat. As you know, we have been positioned for a “new world order” in which high inflation and slow global growth rule the day. Therefore, our performance is holding in very well as we closed the month up +12% MTD and where Livermore Strategic Opportunities (LSO) is now up appx. +20% YTD. A nearly 3300% BPS increase over the S&P 500 wh...
ValueWalk
Livermore Partners update for the month of March 2022, titled, “A New World Order.” Q4 2021 hedge fund letters, conferences and more To Partners and Friends, A New World OrderI am certain all of you are very informed of the disturbing and unprovoked attack on Ukraine. War is never good so it is very hard to watch the events of the past month. Horrific to see and a great tragedy for the Ukrainian people. With that, markets have been extremely volatile and a true shock in commodity markets are unfolding before our eyes. Crude oil is trading well above $100bbl+ and agriculture commodities are lim...
ValueWalk
Livermore Partners update for the month ended January 31, 2021. Q4 2021 hedge fund letters, conferences and more To Partners, January was a rough month for the markets. It seemed that all of a sudden, value mattered. Macro forces concerning Russia came to the forefront and a behind the curve FED started to rumble. Suggesting finally, it maybe time to remove the punch bowl of QE. Couple that with mixed earnings guidance from several high-flying companies (still trading at lofty multiples) and all together you have an S&P Index down over 5% to start the year. As most of you are aware, our core h...
ValueWalk
Livermore Partners update for the year ended December 31, 2021, titled, “The Great Unwind Has Begun.” Q4 2021 hedge fund letters, conferences and more The Great Unwind Has BegunA major "market rotation" is finally occurring to start 2022. With Livermore early on the call that higher inflation will be very sticky, and that overvalued tech, many trading at 30X sales would be negatively impacted by an unwind of ultra loose monetary policy by the FED. With that, capital is now moving into value stocks and select commodity producers. It's about time! For 2021, Livermore's event-driven hedge fund en...
ValueWalk
David Neuhauser of hedge fund Livermore Partners on CNBC discusses that slowing big tech performance a tell-tale sign of things to come. Q3 2021 hedge fund letters, conferences and more To Partners and Friends, 2021 is nearing its end and it sure has been an eventful one.. And later today, the FED meets to determine if tighter monetary policy needs to occur sooner than planned. Given the fact inflation has not been transitory and is in fact, a macro sustainable force. That said, and given where sketchy corporations and Governments sit with bloated debt on their balance sheets, tightening monet...
ValueWalk
Livermore Partners commentary for the month ended October 2021, discussing their shorts positions in ARK Innovation ETF (NYMARKET:ARKK), Meta Platforms Inc (NASDAQ:FB) and Tesla Inc (NASDAQ:TSLA), and their new position in Victoria Gold Corp (TSE:VGCX). Q3 2021 hedge fund letters, conferences and more To Partners and friends: Livermore's PerformanceOctober turned out to be a solid month with Livermore's YTD return now up to 21.76%. Brent crude gained further though our energy holdings (Jadestone Energy PLC, Vista Oil and Gas, and Energean PLC) did not. Still, we had positive performance as gol...
ValueWalk
David Neuhauser of hedge fund Livermore Partners on CNBC discusses that investors are extremely complacent about low bond yields. Q1 2021 hedge fund letters, conferences and more To Partners and Friends, June closed out strong for the market although value has again taken a back seat to growth. FED comments at the latest meeting were processed as hawkish and thus, the FED is out to fan the flames of inflation. I have serious doubts on this and believe any weakness in metals is a true buying opportunity. So that remains Livermore's focus today on some very select special situations. Of course, ...
ValueWalk
David Neuhauser of hedge fund Livermore Partners on CNBC discusses “Copper is the New Oil” and “Avoid Meme Stocks.” Q1 2021 hedge fund letters, conferences and more To Partners and Friends: Below is a link to our interview with CNBC which is receiving some air time. We continue to witness market froth in the backdrop of higher inflation and new signs of slowing expansion from the deep pandemic lows. The setup of accommodative interest rates and slow growth may look like another goldilocks scenario (leading to a new long-term business cycle), but that thesis this time around, seems flawed. Mass...
ValueWalk
Livermore Strategic Opportunities Fund update for the month of April 2021, and their letter to AEX Gold (CVE:AEX). Q1 2021 hedge fund letters, conferences and more To Partners, Markets continue to trade in the clouds as we began earnings season. Although we have begun to notice a shift in tone from many companies. One in which costs are starting to take a bite out of margins and thus profitability. Additionally, President Biden has now floated the idea of paying for his massive trillion-dollar stimulus with an increased capital gains tax targeting the wealthy. So, with that, and much of the ea...
ValueWalk
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら