Introduction Systematic trend following performance in May 2026 cooled after April’s turbulence. The benchmark gained just +0.50 percent as two-way churn across energy and commodities left most programs treading water. After a month that traced the barometer from Strong to...
When Convexity Has Nothing to Cut: The Quiet Month After April delivered the strongest trend-following month of 2026 and the year’s widest dispersion, May delivered the reverse of both. It was the quietest month of the year at the index...
PREVIOUS: THE STILLNESS BEFORE | Episode 5 of 8: The Stillness Before NEXT: THE STILLNESS BEFORE | Episode 7 of 8: An Umbrella Is No Use in a Tsunami The wisp of smoke Picture a packed theatre, every seat taken,...
