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“No trend follower could have called 12 months ago…”

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I thought Meb [Faber] had it figured out = IVY/N equal weight — if anything falls below 200dma, risk off. Perfect data-mining example. Now those nerds from Wes Gray & Crew are onto something. QMOM kicked PDP, MTUM. They have just add the growth derivative. I’ve been an investment professional with strict value discipline. Can’t just watch other assets run… I like a six lane highway. No trend follower could have called 12 months ago.

Sincerely,

[name], CFA

A trend follower would not have attempted to call the last 12 months or the last 12 years. That’s not trend following.


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