Tough Couple of Years for Trend Following & Managed Futures
If you are an investor in managed futures, you probably know how challenging the last several years have been. You might be thinking it is the Govt manipulating the markets…or the low interest rates.
Probably not. We go through periods of contraction and expansion. No one ever rings a bell when major or even massive trends occur. Do you remember crude oil going to $147 or crashing down to the low $30 range. Both directions fortunes were made in 2007 and 2008…However that is long ago and mostly forgotten. Trend following is difficult. Never easy…Have to be disciplined and patient. This is the context of this post.
Past Performance is not Indicative of Future performance