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Metals broke lower. Trend strength slipped to 39%, but trend returns recovered. Market breadth narrowed for a third consecutive week, yet trend-following returns recovered. Only 14 of 49 futures contracts finished higher, down from 19 a week earlier. The TTU...
What the Quant Approach Cannot See The measured path is the residue of a market still being made Previous: Episode 6, The Practitioner’s DisciplineNext: Episode 8, Process Is the Only Refuge In the week of 6 August 2007, several quantitative...
$100 invested in January 2000 with F22, a simple rule for choosing five trend followers each year, would have grown to $2,347 by August 2026 in our simulation. The same $100 in the SG Trend Index grew to $434, in...
The Returns Catch Up August gave trend followers moves that lasted, but the returns arrived more slowly than the improving environment suggested. In September, the returns caught up. All three major trend benchmarks gained for a second consecutive month. The...
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%,...
How different ways of choosing trend following programs have performed over time Data through August 2026. Edition date 26 October 2026. The study uses reported returns for programs classified in NilssonHedge as Type CTA, Style Systematic and Strategy Trend Following....
Introduction Systematic trend following extended its recovery in September 2026. The benchmark of 97 reporting programs gained +3.21 percent, its second consecutive positive month, and the five-year VAMI closed at a new high. The largest weekly gain of the month...
The Practitioner’s Discipline Relational knowledge is built by remembering how a place changes Previous: Episode 5, What the Eye Cannot See, the Pattern RevealsNext: Episode 7, What the Quant Approach Cannot See I stood beside a stream with a Gubbi...
Oil climbed, gas collapsed. Trend strength rose to 41%. This week, fewer futures markets rose, yet measured trend strength improved. Nineteen of 49 contracts finished higher, down from 22 a week earlier, while the TTU Trend Barometer climbed five percentage...
What the Eye Cannot See, the Pattern Reveals A configuration is the trace of relationships we cannot inspect one by one Previous: Episode 4, The Same Pattern at Every ScaleNext: Episode 6, The Practitioner’s Discipline An experienced trader sometimes says...