Todd Sullivan | TalkMarkets | Page 33
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 Activity Hits New High… Higher Equity Prices To Follow
The Chemical Activity Barometer for Jan 2017 rises to a new record high at 116.14.
International Large Cap Recovery Under Way
Market psychology does not always follow economics. This has been the case with Intl Equities.
Markets Do Not Peak Until Spread Shifts To Zero
Keefe, Bruyette & Woods Bank Index has a correlation to the T-Bill/10yr Treasury rate spread when the spread shifts to 0.0%.
Auto Sales, Mortgage Credit And Credit Spreads
Economic news continues to remain positive. Employment rose more in Dec 2016 as Light Vehicle Sales recorded a record high for the current economic cycle of 18.4mil SAAR.
“Davidson” On 2017
The market’s future is dependent on events which are unpredictable. This makes predicting market levels and even individual stock prices day-to-day a fool’s errand.
What Your “Numbers Sense”?
Economic activity is much better than many believe today. The next several years appear to offer considerable opportunity for investors.
Chemical Barometer Hits Cycle High
The question of the season: “Is there anything behind the rise in market prices since the election?” The answer lies in measures of economic activity; it's a very definite “Yes!”.
The Fed Reacts To Higher Rates, It Does Not Lead Them Higher
The mystery behind Fed rises in the Fed Funds rate has been a market focus for many decades. The data comprising Fed Funds, T-Bill and 10yr Treasury rates tells a far different story.
Are Rising Rates Good Or Bad ??? The Answer Is “Yes”
Investors should ignore Fed actions on Fed Fund rates. There is no impact on economic activity. Investors should focus on market induced changes to the T-Bill/10yr Treasury rate spread. A widening spread portends higher equity prices.
“Nothing Is As Dependable As Cycles”
Just last spring, advisors indicated that oil will be at low prices for ‘decades’ and most of the oil industry faced bankruptcy with many banks to follow. Six months later, nothing remotely close to these fears has occurred.
Job Openings Indicate The Economy’s Strength
There have been many who have said that hiring this time around were all Temp Emp and low wage. Looking at this and adding Job Openings to the mix it appears that Temps are as high today as they were in 2000 and not far from the high of 2006.
The Economy Is About To Accelerate
The Household Survey employment report was 160,000 in November than in October. Light Vehicle Sales continued at a healthy 17.87mil SAAR. The trends in the data continue to be very healthy for economic expansion.
Market Psychology Changing…S&P 500 Intrinsic Value Update
While market psychology can change overnight, economies change only slowly. The economic impact of any new policies by the new administration will only be apparent many months after Pres-elect Trump is sworn in.
“davidson” On Deere
With the sharp rise in price this morning DE​ offers less yield. The combination is still attractive when one looks at the long-term.
If Housing Accelerates… The Entire Economy Will Also
Single-Family Housing activity drives employment, commodity prices, retail sales and professional services. When it corrects this sector’s impact is significant.
The Fed Cannot “Control” Economic Activity
Little understood is the relationship between the Fed Funds rate and economic activity. Many opinions tend to obscure what has actually occurred over our financial history.
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