Introduction Systematic trend following performance in January 2026 exceeded expectations as the benchmark surged +4.16 percent. A new year announces itself not with whispers but with conviction. January 2026 opened with authority as the momentum established in December carried forward...
The Forest That Remembers Walk through a forest that burned decades ago and you will see the fire everywhere. The trees that survived bear scorch marks on their trunks, dark triangles pointing toward the sky. The species composition...
The doors are open. The rush is on. There’s an old saying among prospectors: the richest veins aren’t found where everyone’s digging. They’re found by those willing to push further into uncharted territory, study the terrain, and read the landscape...
The Paradox of Suppression For most of the twentieth century, the United States Forest Service followed a simple policy: suppress all fires. Every fire was an enemy. Every fire was fought. The goal was zero tolerance. The forests would be...
“Bonds Rise and Grains Hold as Equities Falter and Risk Sentiment Shifts” Trend Following Weekly Report Risk off. Bonds rising. Equities faltering. The trend environment breaks lower. The second week of February delivered a clear shift in market character. Defensive...
Why some edges decay while others endure Two Ways to Hunt The cheetah is the fastest land animal on Earth. It can accelerate from rest to seventy miles per hour in three seconds. Its spine flexes like a spring. Its...
The Shape No One Draws At dusk in Rome, starlings gather above the city by the hundreds of thousands. They rise from rooftops and trees, merging into a single mass that twists, pulses, and reshapes itself against the fading sky....
The Invisible Architecture Every ecosystem is organised by something you cannot see. A forest appears to be organised by trees. Look closer and you find it is organised by energy. Sunlight strikes leaves. Photosynthesis converts light into chemical energy stored...
Every financial crisis produces the same confession. Risk models failed. The event was unprecedented. Nobody could have predicted it. But what if the problem was never prediction? What if the problem was the model itself? Modern finance is built on...
“Metals Bounce and Grains Surge as Energy Gives Back Gains” Trend Following Weekly Report Metals recovering. Grains surging. Energy reversing. The rotation continues. The first week of February delivered a mirror image of January’s final act. Last week’s winners became...
