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Choice Equities Capital Management 2Q19 Commentary: Favorite Small Caps

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Jacob Wolinsky
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Choice Equities Capital Management commentary letter to investors for the second quarter ended June 30, 2019.

Q2 hedge fund letters, conference, scoops etc

Choice Equities Capital Management

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,...

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Jacob Wolinsky is the ex-Founder of Valuewalk.com (founded 2011, sold 2023). He is founder of HedgeFundAlpha (formerly ValueWalk Premium), a hedge fund focused intelligence service for institutional investors. Prior to founding Valuewalk, Jacob worked as an equity analyst covering small caps, a micro-cap analyst, doing member development a large hedge fund community and freelance financial writing. Jacob lives with his wife and five kids in Passaic NJ. - Email: jacob(at)hedgefundalpha.com. For confidential inquires email me for my Signal id. Other methods of secure communication are also available. FD: I almost exclusively avoid the purchase of equities to avoid conflict of interest and any insider information. I only purchase broad-based ETFs and mutual funds. I will disclsoe if I have a stake in any company, but in general avoid