As trend following begins to reassert itself, Niels and Nick Baltas dig beneath the surface of recent CTA performance - where the signals are working, why fixed income remains unresolved, and how speed is revealing deeper structural divides. But this episode goes beyond attribution. What if the industry has mistaken correlation shifts for changes in signal speed? What if the very idea of a “trend beta” is flawed? And what if compounding durable returns isn’t about chasing performance, but protecting against path? This is a conversation about design over style, clarity over convention, and the quiet decisions that shape real outcomes.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

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Episode TimeStamps:

00:50 - Catching up

05:02 - Industry performance update

13:18 - How the speed of trend following strategies is changing

24:13 - Is there a way to define speed differently?

32:19 - Do we have the right definition of a trend index?

38:20 - Brainstorming ideas on how to improve trend following benchmarks

43:50 - The best car needs the best brakes

49:26 - Baltas framework for enhancing trend following performance

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PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:

1. eBooks that cover key topics that you need to know about

In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here

2. Daily Trend Barometer and Market Score

One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here

3. Other Resources that can help you

And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here

Disclaimer

SI363: The Misreading of Trend ft. Nick Baltas