“The markets were still trending. They just stopped trending the way last week’s positioning was built for.” Trend Following Weekly Report Last week’s payrolls-driven risk-off partly unwound this week, though the recovery was anything but uniform. Equities and crypto rebounded...
Notes from a Real Conversation with Keith McCullough, and the argument underneath it Listen to the Video This week I had the pleasure of sitting down with Keith McCullough for one of Hedgeye’s Real Conversations. It was the small hours...
A drunkard, a cliff, and the quiet arithmetic that ruins traders who are right on average “Fairness does not protect you when one of the outcomes is irreversible.” A question worth three quarters of a million dollars Imagine a game...
“The environment firmed not because markets rose, but because they stopped diverging.” Trend Following Weekly Report A hotter-than-expected May jobs report landed on Friday and turned a quiet tape into a broad risk-off reversal. With payrolls well above forecast and...
Markets Are Not Random: The Fractals of Finance Nine episodes. Sixty-eight markets. Forty-one years of data. The most fundamental assumption in modern finance, tested directly. The answer is no. Watch the Episode SERIES OVERVIEW This Dispatch walks through The Fractals...
About This Report The ATS Classic Trend Benchmarking Portfolio is a systematic, fully rules-based trend-following model maintained by ATS Trading Solutions. It runs a ten-system ensemble across a diversified universe of 68 futures markets spanning eight sectors: equity indices, currencies,...
The Punk Rock of Trend Following: Mike Melissinos, SanDisk’s 40-Bagger & April 2026 Review Episode 013 is live. This month Rich Brennan, Jerry Parker, and Adam Havryliv are joined by a very special guest, Mike Melissinos, founder of Melissinos Trading...
“Petroleum Complex Extends Lower as Natural Gas Decouples Higher, Equities Set Fresh Records, and the Barometer Drops to Moderately Weak at 32%“ Trend Following Weekly Report The week extended last week’s direction rather than inverting it. Energy fell for a...
Click on the image above to listen to the podcast Why Markets Can’t Stop Trending In this episode of the Systematic Investor series, Niels and I dig into a question that sounds simple but unravels almost everything the textbooks teach:...
A conversation with Ponch Rivera and Moose McGrath on No Way Out Some conversations move forward because both sides already share a vocabulary. The recent episode of No Way Out with Brian “Ponch” Rivera and Mark “Moose” McGrath was one...
