One day someone, somewhere... will have the guts to stack alts on top of international equities.

Trend Following and Drawdowns: Is This Time Different? via Man Group man.com/insights/is-th…

This wins the meme-war for today.

Interesting new stacked exposure out from WisdomTree today focused on inflation protection. $1 invested gets you: - $0.85 in TIPs - $0.15 in Gold/Silver - $0.05-0.10 in Long/Flat Bitcoin - $0.80 in Long/Short Commodities Congrats Jeremy Schwartz

Not quite there but getting close!

Why I Diversify and Lever.

Got it closer for you, Meb! Here's a subtle but quick storytelling tip for all you AI fintwit meme lords: try to have a beginning, middle, and end. Beginning: Man walks over Middle: Says his line End: Punchline response, girls walk away

Over the last 20 years, SPY (large cap US) beat MDY (Midcap US) by ~159%. Most of that has come in the last 10 years. Since the inception of MDY in 1995, MDY beat SPY by ~264%!

SPY v MDY (mid-cap 400) since inception in 1995.

Wild new ETF ($CAIE) just launched. An auto callable ETF that pays a high yield unless reference index is down -40%+, in which case you eat the full loss. A twist? Reference index is a 35% vol targeted S&P 500 with an incremental 6% annual drag (plus cost of leverage)!

I want to thank Clifford Asness and team for providing little ol' investors like me the opportunity to access more levered, systematic, factor-based (though I know there's some proprietary fun) strats. These new funds alongside the return stacked suite allow me to build an

Interesting looking fund. Current target weights are significantly different than baseline, this thing will have some meaningful tracking error given the reasonable 24bp fee.

Saying “extremely conservatively, BTC will have a 15% CAGR” and suggesting one go all-in on it is a low-IQ take.

Someone should write an article on how the malevolent children protesting against Jews (excuse me, Zionists) are actually protesting against the success of capitalism. Oh wait… commentary.org/articles/cliff…

Style box sayin somethin

SCV GANG 🗣️🔊

Very cool tool on SG Trend Indicator market-level data. For example this chart shows the pain of trend-following US 10y bonds (whip-saw city!). The "Take a tour" button unveils a lot of hidden functionality. wholesale.banking.societegenerale.com/fileadmin/indi… H/T: Justin

If you’re a factor investor, there will come a time when you will have to choose between mom and dad: Should you combine or separate your factor exposures? And make no mistake: You will have to make a decision! by @jordonezjr alphaarchitect.com/?p=95423

Fun new addition to my favorite type of podcast, one where I feel like I’m sitting at the bar with old buddies and chatting about markets.

The problem with managed futures? No one really knows what they are. To one manager, they're crisis alpha. To another, just a slick way to chase returns. As Jack Vogel warns: You better know what you’re actually getting into.