Dan Loeb’s 3Q18 Letter: Market Outlook and American Express

Review and Outlook In January, fueled by tax cuts and synchronized global expansion, PMIs rose, economic growth estimates were revised upwards along with corporate earnings, and stocks surged across the board, especially growth stocks In February, volatility spiked to record levels and stocks dropped precipitously after a series of technical dominoes fell into place After […]

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Dan Loeb’s 2Q17 Letter – US Growth in 2H, Baxter, Alibaba, BlackRock

Third Point Second Quarter 2017 Investor Letter, July 26, 2017 +4.6% returns during 2Q17, bringing total returns YTD to 10.7% During second quarter, reduced investments in bank financials, exited reflationary macro trades, and reoriented the portfolio towards investments in companies that benefit from low inflation Looking ahead, still believe that central banks have turned hawkish, […]

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