Fill The Gap: The Official Podcast of the CMT Association Episode 51: Exploring Dual Momentum with Gary Antonacci
May 19, 2025
In this engaging discussion, Gary Antonacci, a seasoned investment professional with over 50 years of experience, delves into dual momentum strategies. He explains how relative and absolute momentum can enhance traditional trend-following approaches, particularly in volatile markets. Gary shares lessons learned from the 2020 market crash, emphasizing adaptable strategies and the importance of empirical data in momentum investing. He also explores advanced trading strategies and the psychological barriers investors face, offering insights into optimizing portfolio performance.
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Early Career Spark
- Gary Antonacci started his investment career as a broker in 1974 during tough market times.
- He was inspired by a top producer's use of Mansfield stock charts with a 39-week moving average.
Learning from Trading Legends
- Antonacci managed hedge funds allocating to legendary traders like Paul Tudor Jones and Richard Dennis.
- Watching these traders shaped his understanding and inspired him to build his own models.
Universality of Momentum
- Momentum was first noted in 1937 but ignored until early 1990s academic research.
- Momentum works universally across markets and assets, challenging efficient market hypothesis.
