Ep. 883: Two Great Traders with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Trend Following in Equity Markets
There is a difference between so-called cross-sectional momentum, which is almost what all academic papers hit when the equities. We just trend follow any given market, whether it's going up and down, really unrelated to other markets. It's related in terms of correlation and how much you risk, but not in terms of the signal. All these equity papers are dealing with this cross-section momentum where you compare one stock to another - that doesn't exist.
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