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Livermore Partners Up 7.4% In Q1 2018

Northbrook, IL event-driven activist Livermore Partners published its Q1 2018 investor letter today. AlphaWeek republishes it here, with permission. "To Partners, 2018 started off with continued optimism yet ended with a whimper. As finally, we began to see cracks form within the market's vast run. This was well overdue. A more hawkish Federal Reserve, Geopolitical concerns, and "peaky" FANG stocks lead the market to a sudden and sharp correction. Our 2017 Q4 letter timing was excellent with our professional boxing reference about a solid upper-cut and our view the market is due to fall. Which ultimately was hit hard in February and has yet...