“A trend book is long the persistence of the board, not the direction of it. When persistence goes, the losses arrive from every sector at once, and that is the cost of being paid when it returns.” About This Report...
A Strong Month With Different Winners August brought gains for all seven indexes. September extended the recovery for most, but opened a much wider gap between them. Six of the seven benchmarks finished positive, led by SG Trend at +4.3%,...
“A trend portfolio is not paid at the moment a trend is identified. It is paid for the distance travelled while it was already positioned, and it hands back the same way.” About This Report The ATS Classic Trend Benchmarking...
The Trends That Finally Held July gave trend followers plenty of movement, but little that lasted. August changed the result. After two consecutive losing months, all seven indexes finished positive. Classic Trend led at +5.3%, followed closely by IASG TF...
“A portfolio is not paid for the size of the moves around it. It is paid for the share of them it was already holding, and the two can point in opposite directions for weeks at a time.” About This...
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...
“The trend that breaks a portfolio in one month is often the one that pays it in the next; the reversal and the opportunity are the same event seen at two scales.” Fractals of Finance About This Report The ATS...
When Better Conditions Cost Money: The Month of the Turn After May delivered the quietest month of the year and its narrowest dispersion, June reversed both. Every benchmark in the Battle of the Trend Following Indexes finished negative, where in...
“A trend persists until, self-similar at every scale, it does not; the turn is the market changing its mind about the future.” Fractals of Finance About This Report The ATS Classic Trend Benchmarking Portfolio is a systematic trend-following reference model....
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...
