Salem Abraham in a recent Barrons article:
“With managed futures [trend following], we don’t try to predict fundamentals, and we do not care which way the economy goes. Course, that doesn’t mean we can’t be hit by a bolt of fundamental lightning out of a clear blue sky.”
However, when the lightening bolts do hit trend following’s nature typically places it in good position to prosper. Abraham also gives a great version of this thought in my film.