May delivered a fifth consecutive month of gains across all three major trend-following benchmarks, though by the narrowest of margins, as one of the most volatile intra-month environments of the cycle ultimately cancelled itself out. Our latest TTU Trend Following...
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...
“A Split Tape: Soft Commodities and Equities Lead as the Petroleum Complex Falls Again“ Trend Following Weekly Report This week split by sector rather than moving as one. Soft Commodities led the board, lifted by sharp gains in cocoa and...
“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...
“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...
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,...
“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...
“Iran De-escalation Reverses Energy, Equities Hit Record Eighth Week, and the Barometer Slips Back to Neutral at 45%“ Trend Following Weekly Report The week inverted last week’s regime. Energy reversed sharply lower, the sector averaging -3.30 percent with five of...
April delivered a fourth consecutive month of gains across all three major trend-following benchmarks, with the trailing twelve-month figures pushing into their strongest territory of the cycle. Our latest TTU Trend Following Performance Report is now available. The Headline Numbers...
