Why did short-term trend following stop working around 2009?
This new paper argues overcrowding wasn't the main reason. Fast trend largely disappeared in small-tick contracts, consistent with HFT-driven changes in liquidity provision.
Paper by Bouchaud et al.: https://t.co/lmEkNCsT6o
Why, and how, do some traders who draw lines on charts, look at dual axis time series, regress prices against prices, make money?
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🧵 Rethinking the 60/40 Portfolio: Dynamic Hedging with Commodities – A detailed breakdown of how to adapt the classic 60/40 portfolio strategy to changing economic conditions.
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