Todd Sullivan | TalkMarkets | Page 31
Hedge Fund Manager, Owner of ValuePlays and Angel Investor
Contributor's Links: ValuePlays Rand Strategic Partners
Todd Sullivan is a Massachusetts-based value investor and a General Partner in Rand Strategic Partners. He looks for investments he believes are selling for a discount to their intrinsic value given their current situation and future prospects. ...more

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Chemical Barometer Predicted The Earnings Surge We Are Seeing
CAB hit new high this week, the earnings surge predicted by this index 14mos ago in US Industrial Sector is being reported today.
Peak Rigs???
The US oil production is not yet back to the July 2015 peak but we are quite close and likely to hit new production records in the next few weeks.
Dollar And Commodity Inverse Correlation Back
The inverse correlation to WTI appears to have been re-established. The inverse relationship is a combination of global trade economics and market psychology which is too complex to predict with any precision.
Wages, Inflation & Retail Sales
For 8yrs part of the conversation has centered around a weak recovery and weak Hourly Wage Growth. The problem with this hand-wringing and the pressure for government action is that is and has been ‘wrong-headed’.
Record US Household Employment
The US Employment Situation reported today indicated the economic expansion from 2009 continues. The Household Survey Employment level hit a record 153,168,000 individuals employed.
SPR Inventory Coming Down
There was mention of not needing as much US Strategic Petroleum Reserve as Trump took office. Looks like the current administration is taking steps to draw down the SPR, now down ~13mil BBL since the EIA March 31, 2017 report.
Insider Buys
The differences in ‘how the market thinks’ vs. the factual evidence is where investment opportunities lie.
Follow Successful CEO’s
The process of better investment research requires removing the silos between those who do ‘Top Down”, ‘Bottom Up’ and gross economic trends.
Oil Situation Update
The story continues to be promoted of OPEC overproduction while the EIA global data show balance has been present since Feb 2016.
Record Job Openings & Record Temp Help = Higher Markets Ahead
Markets are not as rational as many would like to think. The last 9-yrs of economic recovery should stand as proof.
The Economy Drives Markets… Just Not In A Straight Line
Economic activity continues to expand as the US industrials exit the recession of the past 2yrs. There is much to like for equity investors in my opinion.
Watt: GSE’s “May Have To Retain Billions Of Dollars In Profits”
Fannie Mae and Freddie Mac may have to retain billions of dollars in profits rather than turn them over to the U.S. Treasury. Melvin Watt, the supervisor for Fannie and Freddie, said such a move would be aimed at soothing investor jitters.
Oil Glut Crisis Or Crisis In Critical Thinking
Oil prices rising or falling with each weekly report have been met with commentary that inventories were either higher or lower than expected which justifies an intense period of rapid buying or selling.
Economic Trends, The Dollar And S&P 500 Intrinsic Value
Markets can be simply viewed as Value or Momentum Investor driven. The SP 500 Value Investor Index is designed to mimic the market level which has been attractive to Value Investors.
Chemical Activity And T-Bill Spread Indicate Higher Markets Ahead
The sands of economics are shifting and it all suggests we are likely to see much higher stock markets the next few years.
Rising Pessimism With Improving Economic Fundamentals Create Buying Opportunity
The important news with employment is that the industrial recession which was caused by the strong US$ 2014-2016 appears to have ended. Hiring is picking up. I use the Household Survey as it is the most comprehensive of all surveys.
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