Introduction Systematic trend following performance in April 2026 navigated one of the most turbulent months in recent memory. The benchmark gained +2.99 percent as geopolitical shocks, tariff anniversaries, and sharp sector reversals tested the resilience of rules-based processes. Despite the...
Why financial returns are not normally distributed, why extreme events are not anomalies, and why the world that actually exists is the world for which trend following was built PREVIOUS: THE GEOMETRY OF WEALTH | Episode 3 of 15: The...
