PCG - 2018 Fourth Quarter Livermore Partners Report
Q4:Markets in turmoil as valuation becomes relevant and the debt bubble begins to leak air. Livermore gains 14% for 2018.
The quarter and YTD performance took a hit in Q4. Mainly due to a seemingly hawkish Federal Reserve and slowing global economy. Thus, driving a global selloff that hit almost every asset class into year-end. For Livermore Partners and our value-based approach, we were not spared. Even with a degree of short exposure through opportunistic situations and defined value stocks, we couldn’t continue along with our winning ways that lasted most of 2018.
That said