Hummingbird Partners

Hummingbird Partners 2Q16 Investor Letter

Hummingbird Partners letter to investors for the second quarter ended June 30, 2016.

“Economics is a discipline for quiet times. The profession, it turns out, … has no grip on understanding how the abnormal grows out of the normal and what happens next, its practitioners like weather forecasters who don’t understand storms.” -- Will Hutton, journalist, The Observer, London

Hummingbird Partners - Second Quarter 2016 in Review
The chart below portrays the market’s (S&P 500’s) reaction to both the signals and the noises during the second quarter. The daily high-low-close bar chart for the . . .

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