Introduction Systematic trend following posted a second consecutive negative month in July 2026. The benchmark fell -1.24 percent, almost identical to June’s -1.26 percent. The headline numbers look the same. The path could hardly have been more different. June was...
When Movement Refuses to Become Trend June was the month of the turn. July was the month when almost nothing stayed turned. For the second consecutive month, every benchmark in the Battle of the Trend Following Indexes finished negative. But...
