Managed Futures /Global Macro 2018 Strategy Review
Also Interesting
2018: Trees Don’t Grow to the Sky
Regression to the mean. Or, as we’ve been known to say before, trees don’t grow to the sky. That sentiment seemed to be the theme of 2018 market movement. Stocks finally came off their record setting highs. The VIX came out of hibernation, in a big way, putting many volatility sellers out to pasture. Interest rates were on the rise after decades of declines. And the cryptocurrency thing…we’re still not sure what to make of that world, but that towering redwood of bitcoin at $20,000 was reduced to a small $3,500 sapling in 2018. Mean reversion is real, folks. Trees, even blockchain ones, don’t grow to the sky.
