As the FED delivered its anticipated rate hike during the last week of the month (the eighths since December 2015), the month of September was in many respect a relatively quiet month for most markets.
As “usual” the US stock markets made a new all-time high, and as “usual” European markets struggled to keep up with this trend.Read Full Post
…it may be worth remembering that in 2009 when Central Banks were trying to save the financial system…Emerging Markets were part of the solution…however today, I fear that they are part of the problem.Read Full Post
US indices are within striking distance of new highs and Apple moved within a whisker ($65bn to be precise) of being valued at $1,000,000,000,000.
So all is good you would think…right?
Well not if you were long Facebook and GAM Holding stocks, as both firms saw their shares tumble by 20%…in one day!
Does this “contradiction” reveal a bigger problem in financial markets?Read Full Post
Like in any major negotiation, there will be good days and bad days…and over here in Europe…the BREXIT negotiations seem like a perfect example of this.
When I look at the performance of CTA’s during the month of June, there were a lot of these good days and not so good days…but in the end the Bulls prevailed.Read Full Post
Mamma Mia…with record temperatures being recorded in many places in Europe during May…the Italian Bond market set its own records.
What started out as a bit of a rumble in emerging markets…has now moved much closer to the heart of Europe.Read Full Post
Q2 kicked off with an early sign of what many investors are fearing. A sell-off in both bonds and stocks at the same time. This of course is nothing new, we saw it during the financial crisis…but the truth is that it has not happened very often in the past 30+ years, mainly because the interest rate cycle has been going down.Read Full Post
As we wait for Spring to arrive in the northern hemisphere, the Bull market in equities cooled off during March, with many western markets dipping below the lows during the February “momentum crash”.
Trend followers has taken a lot of stick from uninformed investors who believe that this type of trading strategy would be able to provide a hedge for them during the 9 days of turbulence in late January and early February….find out how they responded in March…Read Full Post
February was the month where many market trends caught the flu and inflicted pain on many investors.
Personally, I caught this nasty bug as well…and right in the middle of the Olympic Games in PyeongChang. But that was in someways lucky, as I had a free pass to watch all the television I wanted…including the Olympic Games.
It’s fascinating to see people at their peak, do incredible things…and make it look so easy.
Watching all this sport, made me think…
what if Trend Following was any Olympic Sport…which one would it be?
What do YOU think?
It took me a while to come up with my favorite…
It had to be a sport that would visualize the courage it takes to invest in a strategy that thrives from uncertainty and volatility.
Where you don’t try to predict but rather accept “knowing what you don’t know” and allow your positions to flow with where the markets take you.
Where the twist and turns in performance from time to time can hit you with g-force acceleration or deceleration (as experienced in February).
…but I think I found the perfect sport to do just that.
Watch this short video and you will see what I came up with 🙂Read Full Post
Frankly after almost 30 years in the CTA business, it takes quite a bit to shock me, when it comes to how this industry operates. Nevertheless, on my recent trip to Miami where I was attending the two big industry conferences…I have to admit, I learned something that I had not expected. and no…I’m not…Read Full Post
I was shocked, but not surprised, to see that at this week’s industry conference in Miami, 86% of Allocators asked by the organizer were looking for managers with a track record of less than 5 years!
Are you kidding me…
This means that only 14% of Allocators were focused on the managers with real long-term experience in this industry.Read Full Post