The tweet was deleted by the author.
But we saved everything 🙂.
Corey Hoffstein writes that strong trend following performance does not usually result from a large number of independent opportunities.
Instead, he explains that these returns often arise when multiple related markets move in the same direction at the same time, leading to a concentrated source of trend-following profits.
Hoffstein has highlighted recent milestones in asset growth, noting $4bn ETF AUM and $62bn platform AUM at Tidal. He also commented on an unusual occurrence in the MSCI USA Enhanced Value Index backtest after its May 29 rebalance. These observations come as trend-following performance draws attention.