What is the difference between Relative Strength and Trend Following?
A post exploring the two sides of momentum: relative strength and trend following. Demonstrates performance differences using a multi-asset portfolio.
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Hedge Hunting: Wrangling the VIX
Can ETF instruments like VXX and XIV be combined to get the benefits of spot VIX exposure without all the negative roll yield of futures?
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2 Ways to Lower Portfolio Drawdown
Portfolio drawdown can be reduced by allocating to strategies with lower drawdown, but low drawdown strategies are not the only way to manage downside risk.
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Prepared: Market Breakout or Breakdown?
How does rebalance speed affect the ability for a tactical strategists to react to changing markets and protect against significant market drawdowns?
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Momentum vs Moving Averages
Explore the history of trend-following, moving averages, and time-series momentum.
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But Let’s Assume We’re Wrong
This weekly commentary is available as a PDF here. Commentary Summary
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Lessons from a Crystal Ball
A PDF of this commentary can be downloaded here. Summary
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Volatility: Good, Bad, or Indifferent?
Special Announcement We’ll be hosting our usual monthly strategy review
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Buying the dip or catching a falling knife?
With Global X FTSE Greece 20 ETF $GREK down nearly
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Time to reconsider alternatives?
This weekly commentary can be downloaded as a PDF here.
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Checking your portfolio more frequently ensures you see more losses
A PDF version of this commentary can be downloaded here. Special
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Ingredients vs. Recipes: Exploring Performance
A PDF version of this commentary can be downloaded here. Market
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Will rising rates strengthen the dollar?
A PDF version of this commentary can be downloaded here. Market
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Volatility Through a Different Lens
A PDF version of this commentary can be downloaded here. Market
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Questioning your most dangerous assumptions: is your glide path too risky?
Glide paths are built from historical return assumptions: but do past returns from U.S. stocks paint too rosy a picture?
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Why tactical fixed-income is different
Tactical fixed-income is more important now than it has been in the past 30 years, but fixed-income warrants a different tactical approach than equities.
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Sectors vs. Factors or Factors in Your Sectors
A PDF version of this commentary can be downloaded here.
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The Search for Crisis Alpha: Weathering the Storm Using Relative Momentum
2nd place paper in the 2015 NAAIM Wagner Award competition exploring the use of relative momentum on U.S. Treasury investments to increase crisis alpha
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Momentum AND Diversification: A powerful risk-adjusted combination
3rd place winner of the 2015 NAAIM Wagner Award investigating risk-adjusted returns generated by combining momentum and diversification
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