Todd Sullivan | TalkMarkets | Page 6
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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The Dollar, Crypto And Meme Stocks
This was crypto’s moment to shine and prove the entire thesis behind it. It failed spectacularly, utterly, and without any plausible explanation.
1/3 Of SPR Gone
U.S. crude inventories continue to decline at a fierce pace which is revealed whenever crude imports slow.
Biden Has Drained 30% Of SPR, U.S. Oil Inventory At Multi-Decade Lows
We are getting to levels where a singular event could cause major disruption to the economy via oil prices making another large leap higher.
TBill Collapses; Don’t Panic, Everyone Else Already Has
Keep this factoid in mind: The Fed does not set rates. Rates are set by markets and the Fed follows.
Scary Chart
U.S. Crude Production remains on a very slow recovery with a headwind from SPR releases.
Buying Opportunity
It looks scary but financial conditions are not risky. This is yet another panic, unique in that there is no precedent, leaving those following past patterns without guidance if they ignore fundamentals.
Oil Inventory Keeps Falling
We are getting to really concerning levels. Another geopolitical shock in an oil-producing nation that disrupts oil production and the globe has a serious issue.
Bitcoin Vs QQQ
We may see additional correction near term but the economic value remains for higher equities for the next 3yrs-5yrs.
Bitcoin And QQQ
While the “blockchain” may have value, bitcoin is a simple money order back by actual currencies.  
Equity Prices Are Not Economic Signals
With so many negative headlines lately, it is worth repeating that this is not an economic meltdown.
GDP And E&P Give Mixed Signals
The decline reported in Real GDP is a signal of demand requiring more supply. It is not a signal that economic growth is slowing.
Are Oil And The Dollar Actually Inversely Related?
There are multiple consensus relationships that have become embedded mechanically as part of algorithmic trading. The relationships of oil prices to other economic trends are a part of accepted lore.
Oil, DUC’s, Retail Sales And Inflation
It’s really odd seeing the media coverage and then looking at the data.  The media tells us oil companies are not drilling, the data tell us something very different.
Oil Update - Wednesday, April 6
U.S. Inventories of crude and refined products continue to decline reaching new lows for crude in nearly 20 years.
The T’s Rapid Rise
As the economy continues to expand, it is becoming ever more apparent that lockdown favorites have widely missed expectations.
Solid Employment Number
Employment reports indicate that the Household Survey gained 736,000 while the Establishment Survey gained 431,000.
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