Choice Equities Capital Management commentary letter to investors for the second quarter ended June 30, 2019.
Q2 hedge fund letters, conference, scoops etc
Dear Investor:
Markets resumed their upward climb in 2Q with large caps again leading small caps as can be seen in the accompanying performance table. Large caps in the S&P 500 have now posted a gain of +10.4% over the last twelve months compared to a loss of -3.3% for the small caps in the Russell 2000 over the same period. Interestingly, this ~14% divergence in performance now stands at levels just shy of the greatest disparity seen in the last 30+ years. By comparison,...

