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“Blame the trend followers… again.”

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Good Afternoon Michael,

I just finished reading Trend Following and enjoy your podcast. Turns out you were right. Trend following is the scapegoat during market swings. (But I still believe). This Bloomberg article about CTAs popped up on my apple news feed today:

Everything that worked in global markets in 2019 suddenly doesn’t. –Bloomberg

Go long the dollar, Treasuries and defensive stocks. Sell metals and the pound. It was an investing playbook that worked virtually all year — until suddenly it didn’t. Read the full story.

Thanks for all the hard work and keep fighting the good fight!!

Very Respectfully,

Quite funny.

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