- Of the last three stock market rallies, this is the longest at 103 months
- US CAPE moved from 13x to darn expensive at 30x
- Rally was partially fuelled by near-zero interest rates
- Without a sustainable rise in profit margins US stock market rally could be finished
Alluvial Fund performance update for the month ended May 2021. Q1 2021 hedge fund letters, conferences and more Dear Partners and Colleagues, Alluvial Fund, LP returned 5.4% in May, compared to 0.2% for the Russell 2000 and 1.0% for the MSCI World Small+MicroCap . . . SORRY! This content is exclusively for paying members. SIGN UP Read More
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